Leaders Of Big Nation To Discuss About Development In G20 Summit

Leaders Of Big Nation To Discuss About Development In G20 Summit

The relaunch of the global economy and climate change will top the G20 Summit 2021 as the leaders of the most advanced nations of the world meet on Saturday. This meeting is the first in-person meeting after the pandemic.

The G20 Rome Summit 2021

The “Group of 20” (G20) Leaders’ Summit 2021 started on 30 October 2021 in Rome, Italy. For this 2021 G20 Summit that will be under the Italian Presidency, there are primarily three aims: Planet, People, Prosperity. 

This summit is the climax of the process of the G20. Along with that, Sherpa Meetings, Ministerial Meetings, special events, and working groups have also been arranged throughout the year. The Summit is the concluding stage, at the Leaders’ level, of the hard work carried out within these varied groups across the year. The G20 Summit is formed of 19 countries and the European Union. The 19 countries include Canada, Argentina, Australia, France, Brazil, China, Germany, India, Japan, Indonesia, Italy, Mexico, Saudi Arabia, the Russian Federation, South Africa, South Korea, the UK, Turkey,  and the US.

Approaching over the 2 day talk that took place in Rome is a pressure to make headway on handling global warming, before the key COP26 summit booting off in Glasgow on Monday.

There are high stakes, with United Nations Secretary General Antonio Guterres alerting the G20 leaders Friday to show “more ambition and more action” and surpass mistrust in order to proceed with climate goals. Guterres said,

"We are still on time to put things on track, and I think the G20 meeting is the opportunity to do that."

The security system at Rome was tight as Joe Biden the US President arrived in the Italian capital worried to turn a page from the turbulent Trump years and portray that American leadership on world space is restored.

Yet after that, the democrats encounter a credibility test as his own policy on climate that part of a washing economic package is held up despite the infighting within his own party. 

Russia’s Vladimir Putin and China’s Xi Jinping, will not be present at the G20 Summit. They plan to attend the meeting by video link. Mario Draghi who is the summit host, the Italian prime minister, has called for a “G20 commitment on the need to limit the rise in temperatures to 1.5 degrees” ahead pre-industrial levels, the most determined target that has been outlined in the 2015 Paris Agreement on climate alterations.

On Friday Boris Johnson, the Prime Minister of Britain warned about what are the scenarios that can take place if the world fails. He said, 

"We are not going to stop global warming in Rome or in this meeting in COP. The most we can hope to do is slow the increase."

He further said that,

"You saw that with the decline and fall of the Roman Empire, and I'm afraid to say that it's true today unless we get this right in tackling climate change."

India On This Collaboration And G20 Summit

On Friday, the Indian Finance Minister, Nirmala Sitharman met her correspondents in Canada and Singapore and discussed several issues, that included health, economy, and opportunities for collaboration.

Indian FM met Canada’s Deputy Prime Minister & Finance Minister Chrystia Freeland and Singapore Finance Minister Lawrence Wong on the sidelines of the G-20 Joint Finance and Health Ministers’ meeting. She tweeted,

"Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation.”

Through another tweet, the ministry informed that,

"Finance Minister @nsitharaman met @LawrenceWongST Finance Minister of Singapore on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome ahead of #G20RomeSummit. Noting strong #IndiaSingapore relations, the ministers discussed opportunities for further collaboration”.

At the same event, Sitharaman also met Peter Sands who is the GlobalFund Executive Director, and apprehended Global Fund’s attempts in fighting Tuberculosis, AIDS, and Malaria. The ministry said,

"Discussions were held on global preparedness for dealing with future health emergencies and sustaining the campaigns against other diseases.”

Under the Italian G20 Presidency, this is the first joint meeting of the G20 Finance and Health Ministers. The Ministers approved the Joint G20 Finance and Health Ministers Communique for strengthening global health financing administration above the G20 Summit Rome that is being held on October 30-31. 

On the 9 and 10 July 2021, the G20 summit 2021 Venice was all about G20 Finance Ministers and Central Bank Governors (FMCBGs). This was their third official meeting under the G20 Italian Presidency.

The Bottom Line

On 30 and 31 October 2021, the G20 Summit was held where leaders from advanced nations came together to discuss global climatic changes. 19 Nations and the European Union are included in this Summit and the cause seems to be serious and intense this time.

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Niccolo Romano

Niccolo Romano is an Italian writer who holds expertise in business, and startup related articles. He has a love for business news and is best in his niche.

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