The G-20 Summit was held in Rome between 30 October to 31 October 2021. The summit ended with the adoption of the Rome Leaders’ Declaration.
- The G20 countries committed themselves to the targets set in the 2015 Paris Agreement — limiting global warming to 2 degrees Celsius over pre-industrial levels, and preferably to 1.5 degrees Celsius. However, no time-bound agreements were reached and the summit ended with recommitting to providing $100 billion a year to counter climate change, and pushing for greater vaccine equality to fight the COVID-19 pandemic.
Some of G20 Rome outcomes are:
- “One Health approach” for the world.
- Providing finances and technology for vaccine production at “mRNA Hubs” in South Africa, Brazil and Argentina.
- To mobilise more international public private financing for “green” or environmental projects.
- Indonesia will host the next G20 in 2022, and India will be its host in 2023.
About G20
- The G20 was born in 1999 as a consultation forum between finance ministers and central bank governors of the world’s major economies.
- Following the 2008 economic crisis, it became a forum between Heads of State and Government, aimed at improving coordination on the main global issues.
- The G20 represents 60 per cent of world population and 80 per cent of global GDP.
