Current Context : The 2024 G20 Summit, hosted in Rio de Janeiro, Brazil, concluded with the adoption of the Rio de Janeiro Declaration.
Theme : “Building a Just World and a Sustainable Planet”, reflecting its focus on equity, climate action, and global reforms.
Focus Areas of the Summit :
Social Inclusion and Poverty Eradication:
- Global Alliance Against Hunger and Poverty: Aimed to provide cash transfers to 500 million low-income people and school meals to 150 million children by 2030.
- Focused on sanitation, drinking water access, and addressing racial inequalities.
Climate Action and Energy Transition:
- Established Task Force for Global Mobilization Against Climate Change to boost private capital flow for climate initiatives.
- Reaffirmed the Paris Agreement and committed to phasing out inefficient fossil fuel subsidies.
- Supported COP30 to be held in 2025 in Belém, Brazil.
Reform of Global Governance:
- Committed to reform the UN Security Council for inclusivity and accountability.
- Endorsed the G20 Roadmap for Multilateral Development Banks (MDBs)to enhance support for development goals.
Economic Measures:
- Introduced progressive taxation for billionaires to reduce global inequalities.
- Advocated for ethical development and application of artificial intelligence.