The leaders of the G20 gathered in Roma have agreed this Sunday to keep global warming ceiling by 1.5 degrees and take action to address the problem, according to official sources confirmed to EFE after a night of long negotiations.
Last July the meeting of the G20 energy and environment ministers failed to establish that common goal, after China and IndiaBig polluters will refuse to accept it.
The intention of the G20 was to agree on a common position regarding the United Nations Summit for Climate Change (COP26) that starts this Sunday in the British city of Glasgow (north). The agreement is “practically closed, only some fringe is missing “on other issues, added the sources.
At the moment the G20, whose members accumulate 80% of the wealth and 60% of the world’s population, has agreed investments of 100,000 million euros so that developing countries can implement policies that allow them to respect environmental commitments. And measures have been agreed to implement throughout this decade, which have not yet transpired.
The negotiations they have been difficult, as it is a thorny issue due to the requirement to limit emissions and industrial production of the powers.
That is why the host prime minister, the Italian Mario Draghi, minutes before the agreement was transcended, urged his G20 partners in Rome to reach a pact to keep global warming at 1.5 degrees, after in July China and India will reject it.
“Some of us wonder why they are taking our climate goal from 2 degrees to 1.5 Why? Because science says so, “he warned Draghi, current president of the G20, before his partners in the plenary session of the Italian capital.
Draghi called on his partners to implement the ecological transition to reduce emissions: “We can’t delay it any longer. This transition requires a significant effort and governments must be prepared to help their citizens and businesses, “he said.
The Paris agreement stipulated the global objective of maintaining global warming “well below” 2 degrees above pre-industrial levels, while inviting countries to strive to limit it to 1.5 degrees, which has finally been achieved today.
The global minimum tax, another step of the G20
The first day of the G20 leaders’ summit in Rome achieved this Saturday a first goal accomplished: the adoption of a global minimum tax on multinationals to balance the international tax system.
“After four years of intense debate a historic agreement has been reached on a solution based on two pillars to face the fiscal challenges that have emerged with the digitization and globalization of the economy “, assured sources from the current Italian presidency of the forum of the twenty powers.
The G20 heads of state or government agreed on a global minimum tax on companies of at least 15% to achieve a fairer tax system and prevent them from taking advantage of complacent tax regimes and not paying taxes where they operate. One of the most enthusiastic was the president of the United States, Joe Biden, who signed the agreement and assured that in this way the international community “will help people by making companies contribute by paying their share” of taxes.
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
