The G20 summit in Rio de Janeiro is currently addressing critical global issues, including climate change, taxation of the super-rich, and the implications of U.S. President-elect Donald Trump’s impending return to office.

Leaders are reaffirming their dedication to the Paris Agreement, emphasizing the necessity of multilateral efforts to combat climate change. However, President-elect Trump’s previous withdrawal from the agreement and his skepticism toward climate science have raised concerns about future U.S. participation.

Brazilian President Luiz Inácio Lula da Silva is advocating for a global tax on billionaires to fund poverty alleviation and climate initiatives. This proposal has encountered resistance, notably from Argentina, whose President Javier Milei, an ally of Trump, has threatened to block the joint communiqué over this issue.

The prospect of Trump’s return to the White House is influencing summit discussions. His “America First” policies and potential withdrawal from international agreements are causing uncertainty among G20 members. Diplomats are striving to draft a joint statement that addresses these concerns while maintaining unity.

The summit is also grappling with geopolitical tensions, including the Russia-Ukraine conflict and the situation in Gaza. These issues are complicating efforts to reach a consensus on a final declaration.

As the summit progresses, the international community is closely monitoring how these discussions will shape future global policies on climate action, economic equity, and international cooperation.