💨 Abstract

G20 leaders have reaffirmed their support for multilateralism and the UN climate convention, but have not given a strong signal on a new finance package for developing countries to combat climate change. The statement lacks explicit mention of transitioning away from fossil fuels and mobilizing resources for loss and damage. Developing countries are concerned about restrictive trade measures, and are struggling to agree on the quantum and contributors of the new finance package.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖