G20 leaders focus on climate finance and plastic pollution at Rio summit conclusion
G20 leaders concluded their summit in Rio de Janeiro by emphasizing the need to increase climate finance significantly. They called for a shift from billions to trillions to support climate change initiatives, aiming to strengthen negotiations ahead of the UN climate talks in Azerbaijan. The leaders agreed on the necessity for a new financial goal for climate aid to developing nations but did not specify a solution. Developed countries want to include wealthier developing nations in funding discussions, while some developing nations oppose this expansion. Additionally, the G20 committed to finalizing a legally binding treaty to limit plastic pollution by the end of 2024, with negotiations set to continue next week.