Brazil urges G20 leaders to move faster on net zero climate targets

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Brazil urges G20 leaders to move faster on net zero climate targets - Business Standard

Quick Summary:

At the leaders meeting on Tuesday, Lula proposed the creation of a new council at the United Nations to accelerate the implementation of the Paris Agreement on climate change.

The G20 leaders' statement on Monday said nations must break the impasse on finance, but they did not give clear guidance on a solution."G20 leaders have sent a clear message to their negotiators at COP29: do not leave Baku without a successful new finance goal.

Lula rushed through approval of the G20 leaders' joint statement on Monday, securing a consensus on climate change but irking some European countries that wanted stronger language on the escalating war between Ukraine and Russia.