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G-20 Seeks To Commit Against Climate Change and the COVID-19

  • G-20 leaders meet in Rome, Italy, Oct. 30, 2021.

    G-20 leaders meet in Rome, Italy, Oct. 30, 2021. | Photo: EFE

Published 30 October 2021

On Saturday, The world's largest economies kick off a two-day Summit to reach a deal on COVID-19 vaccine supplies and reduction of carbon emissions.

Italy's Prime Minister Mario Draghi Saturday opened the G-20 Summit focused on climate change and the fight against the COVID-19 pandemic.


G20 Endorses Major Tax Reform Deal For Multinationals

Draghi decried that over 70 percent of the population received at least one dose in "high-income countries"; however the situation is deplorable in "poor countries" where the population vaccination rate is reduced to about 3 percent.

G-20 health and finance ministers pledged to vaccinate 70 percent of the world's population by mid-2022 as a way to try to curb the spread of the Novel Coronavirus and boost economic recovery.

Besides ratifying a deal on a global corporate tax rate of 15 percent starting in 2023, the world's largest economies' leaders seek to reach a zero-emissions pact no later than 2050 or 2060.

LATAM region is represented by Brazil's President Jair Bolsonaro and Argentina's President Alberto Fernandez, who plans to meet  International Monetary Fund (IMF) Managing Director Kristalina Georgieva to address his nation's debt with the institution.

Foreign Minister Marcelo Ebrard is attending on behalf of Mexico's President Andres Manuel Lopez Obrador (AMLO). This summit also lacks the presence of Russia's President Vladimir Putin and China's President Xi Jinping. 

Italian authorities deployed more than 10,000 police and military patrols in Rome to avoid violent demonstrations amid the meetings. 

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