Highlights of the G20 Summit:

Tuesday, November 2, 2021
  • Agreement to stop allocating funds for the construction of new coal-fired power plants abroad by the end of 2021.
  • Leaders reaffirmed that richer nations are to raise $ 100 billion in aid for poor countries to combat climate change.
  • Declaration to limit global warming to the level of one and a half degrees Celsius compared to the pre-industrial level.
  • Supporting the OECD proposal to introduce a minimum global tax for multinational corporations at 15 percent.
  • The final declaration also states that the G20 leaders aim to increase the supply of vaccines and essential medical products to developing countries, and will seek a fair distribution of immunoprophylactic drugs.

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