Biden in historic Amazon trip ahead of G20, as Trump return sparks climate fears

Climate Change News

Biden in historic Amazon trip ahead of G20, as Trump return sparks climate fears
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RIO DE JANEIRO: Diplomatic tensions over global warming will take center stage at the G20 summit in Brazil this week.

A mural by artist-activist Mundano depicting the drought in the Amazon rainforest using paint made from the ashes of wildfires in the Amazon and mud from the floods in southern Brazil.

He’ll then fly to Rio de Janeiro for a summit of the Group of 20 major economies addressing issues from hunger and poverty to global governance and climate change. The incoming Republican president also aims to boost record US oil and natural gas production and eliminate rules imposed by Biden to wean gasoline-powered cars off U.S. roads.

G20 countries account for 85 per cent of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. They are also responsible for more than three-quarters of greenhouse gas emissions worldwide. COP29 must set a new goal for how much financing should be directed from developed countries, multilateral banks and the private sector to developing nations. Economists told the summit it should be at least $1 trillion.

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