What to expect from this year's G20 and COP26 climate summit | DW News

Finance and health ministers from the Group of 20 (G20) leading and developing economies on Friday called for 70% of the world's population to be vaccinated against COVID-19 over the next eight months. Ahead of an in-person meeting of finance ministers in Rome — with health ministers joining via video link — the delegates announced the creation of a task force to better fight the pandemic and kickstart the economic recovery.

Friday's gathering of finance and health ministers comes a day ahead of the leaders' summit set for October 30-31. The G20 bloc, including countries like the United States, China, India and Germany, accounts for about 60% of the world's population and over 80% of global economic output. The summit is the leaders' first face-to-face meeting in two years. But to the disappointment of the host Italy, the leaders of China, Japan, Mexico, Russia and Saudi Arabia have declined to attend the meeting. Still, Chinese President Xi Jinping and Russian President Vladimir Putin are expected to follow the discussions via a video link.

As well as the pandemic and its consequences, the ministers are expected to discuss efforts to speed up the global economic recovery, address soaring energy prices and supply chain snarls, which have affected a number of key industries worldwide. G20 leaders will also sign off on a minimum global tax rate of 15% for big companies, a deal that was finalized earlier this month. Furthermore, the climate is going to be a major topic of discussion at the summit, which is being held just days before the United Nations COP26 climate summit in Scotland, set to begin on Sunday. The bloc, which accounts for an estimated 80% of global greenhouse gas emissions, has been slammed by climate activists for not taking adequate action to curb the emissions.

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