G20 Declaration: Support for a threefold increase in global renewable energy capacity by 2030

On November 18~19, the leaders of the G20 held a meeting in Rio de Janeiro and issued the declaration of the G20 leaders' summit in Rio de Janeiro. In the section on "Sustainable Development, Energy Transition and Climate Action", the declaration supports efforts to triple the global installed renewable energy capacity and triple the global average annual rate of energy efficiency improvement by 2030 through existing targets and policies and based on national circumstances.

The original text is as follows

G20 Leaders' Declaration at the Rio de Janeiro Summit (Summary)

preface

We, the G20 leaders, meet in Rio de Janeiro on 18-19 November 2024 to address major global challenges and crises and promote strong, sustainable, balanced and inclusive economic growth. We come together at the birthplace of the United Nations Sustainable Development Agenda to commit to a just world and a sustainable planet where no one is left behind.

International economic and political situation

We reaffirm the G20's role as the main forum for international economic cooperation, and its collective responsibility to effectively lead the global economy and create the conditions for sustainable, inclusive and resilient global development. Remain committed to supporting developing countries in addressing global crises and challenges and achieving the Sustainable Development Goals.

We live in an era of major geopolitical, socio-economic, environmental and climate challenges and crises that require urgent action. The G20 can provide much-needed international cooperation and political impetus to address these challenges. We reaffirm our support for the Sustainable Development Goals. In 2024, we will put addressing inequality in all its forms at the centre of the G20 agenda around the theme of "Building a Just World and a Sustainable Planet".

There are still many challenges in the global economy, with rising uncertainty and increased downside risks, but we also note the good prospects for a soft landing. In many parts of the world, economic activity is showing more resilience than expected, and global inflation is coming down from its high levels. We will continue to promote strong, sustainable, balanced and inclusive growth, alleviate cost-of-living pressures, ensure fiscal sustainability and reduce negative spillovers, and promote an open, resilient, inclusive and stable financial system to support economic growth.

It is with a heavy heart that we note the enormous suffering and negative impact of wars and conflicts around the world on humankind.

With regard to ongoing conflicts and wars, we reaffirm our respective national positions and the resolutions adopted in the United Nations Security Council and the United Nations General Assembly, stressing that all States must act in a manner consistent with all the purposes and principles of the Charter of the United Nations. In accordance with the Charter of the United Nations, all States must refrain from the threat or use of force in the pursuit of territorial acquisition, violations of the territorial integrity and sovereignty or political independence of any State. All parties must abide by international law, including their obligations under international humanitarian law and international human rights law, and condemn all attacks against civilians and infrastructure.

While expressing our deep concern at the catastrophic humanitarian situation in the Gaza Strip and the escalation of the situation in Lebanon, we stress the urgent need to expand humanitarian assistance, strengthen the protection of civilians and remove all obstacles to the large-scale delivery of humanitarian assistance. War brings suffering and negative consequences to humanity. We affirm the right of Palestine to self-determination and reaffirm our unwavering support for the two-State solution, whereby Israel and Palestine live side by side in peace within secure and recognized borders, in accordance with international law and relevant United Nations resolutions. We support an immediate ceasefire in the Gaza Strip and in Lebanon, in accordance with UNSCR 2735, to enable people on both sides of the Blue Line to return home safely.

Specifically referring to the war in Ukraine, we recall the discussions in New Delhi and highlight the human suffering caused by the war and its negative impact on global food and energy security, supply chains, macro-financial stability, inflation and economic growth. Welcoming all relevant constructive initiatives in support of a comprehensive, just and lasting peace, upholding all the purposes and principles of the Charter of the United Nations and promoting peace, friendship and good-neighbourly relations among nations.

We will live up to our responsibilities in building a safer world free of nuclear weapons. Condemns terrorism in all its forms and manifestations.

The peaceful resolution of conflicts, efforts to resolve crises, as well as diplomacy and dialogue, are crucial. It is only in peace that we can achieve sustainable development and prosperity.

To achieve the results of cooperation, the Brazilian presidency has identified three priority areas for the G20 work in 2024: social inclusion and the fight against hunger and poverty, sustainable development, energy transition and climate action, and institutional reform of global governance.

Social inclusion and the fight against hunger and poverty

The world produces enough food to end hunger. The G20 established the Global Alliance to Fight Hunger and Poverty to support country-led, country-owned projects to reduce hunger and poverty globally and reinvigorate the global partnership for sustainable development. Sustain agricultural productivity and reduce food losses. The interdependence of countries in achieving food security and nutrition requires open trade policies that are consistent with the rules of the World Trade Organization.

The G20 reaffirmed its support for the United Nations development agenda and looked forward to the successful convening of the Fourth International Conference on Financing for Development in Spain in 2025. We pledged to help developing countries better integrate into global industrial chains, value chains and supply chains, and accelerate the process of industrialization and modernization of developing countries.

Corruption affects sustainable development, and fighting corruption helps build a just world and a sustainable planet. The G20 is determined to play an exemplary role in the global fight against corruption and the fight against illicit financial flows, making maximum use of the Global Anti-Corruption Law Enforcement Cooperation Network and other cooperation networks.

Appreciating the tax reforms undertaken by G20 members. Seek cooperation with full respect for tax sovereignty to ensure effective taxation of ultra-high-net-worth individuals. Addressing the tax challenges of the digitalization of the economy, and engaging in constructive discussions at the United Nations on the development of a framework convention on international cooperation in tax matters and its protocols.

Efforts are being made to achieve the 21st replenishment of the World Bank's International Development Association. Multiple factors, including market volatility, tightening financial conditions and debt vulnerabilities, will drive up the cost of financing. Call on the international community to support countries with sustainable debt but short-term liquidity challenges. The International Monetary Fund and the World Bank are encouraged to continue to look for viable options with explicit and voluntary country participation to help these countries.

Reaffirms the central coordinating role of the World Health Organization (WHO) in the global health architecture and supports its fundraising activities. Provide people-centred health services and restore the health system to a higher level than it was before the pandemic in the next one to two years. Recognize the potential role of traditional medicine. Acknowledging the contribution of the Pandemic Fund. Support the drafting of a WHO convention, agreement or other international instrument on pandemic prevention, preparedness and response, with full respect for the sovereignty of States. Coordinate responses to monkeypox outbreaks and other public health emergencies.

High-quality education and training, including digital education, plays a key role in driving sustainable economic and social development. Recognize the power and intrinsic value of culture in promoting unity, dialogue and cooperation among nations. The international community was called upon to discuss the issue of the return of cultural heritage, including cultural heritage that had been illegally exported.

Harness the full potential of digital technologies to facilitate digital connectivity and cross-border data flows. Reaffirm the important role of open and mutually beneficial international cooperation for research and innovation. Voluntary technology transfer and capacity building can be carried out through tools such as Open Science, and exchanges between researchers and scientists can be facilitated. Protecting and empowering workers' rights. Promote gender equality and women's empowerment, and implement the Beijing Declaration of the World Conference on Women. Strengthen international cooperation on disaster reduction. Ensure safe, orderly and regular migration.

Sustainable development, energy transition and climate action

In the area of climate change, the commitment to multilateralism was reaffirmed to address climate change in accordance with the principles of common but differentiated responsibilities and respective capabilities. Reaffirm the Paris Agreement's goal of limiting the global average temperature rise to well below 2 degrees Celsius above pre-industrial levels, and working to limit it to 1.5 degrees Celsius. Strive to achieve global net-zero greenhouse gas emissions/carbon neutrality by mid-century or around. Countries are encouraged to set their next round of NDCs.

The G20 will work together to promote an enabling and open international economic system that supports all countries to achieve sustainable economic growth and development and better combat climate change. Measures taken to combat climate change, including unilateral measures, should not be arbitrary or unjustified as a means of discrimination or a disguised restriction on international trade. Expand climate finance and investment to developing countries. A rapid and substantial increase in climate finance is needed to make it to the trillion-dollar level. Implement the G20 Sustainable Finance Roadmap. Welcomes the establishment of the Task Force on Global Mobilization for Climate Change under the Brazilian presidency. Support the success of COP29 and look forward to meeting new collective quantitative targets for climate finance.

Support efforts to triple global renewable energy capacity and triple the global average annual rate of energy efficiency improvement by 2030, through existing targets and policies, and support the implementation of other zero- and low-emission technologies, including carbon reduction and removal technologies, by 2030. Phasing out and regulating inefficient, wasteful fossil fuel subsidies. Supporting sustainable and responsible supply chains for critical raw materials, semiconductors and technologies.

Full and effective implementation of the Kunming-Montreal Global Biodiversity Framework. Sustainably manage forests and combat deforestation. Follow World Trade Organization rules and multilateral environmental agreements to avoid discriminatory green economic policies. Adopt sustainable production and consumption patterns and sustainable lifestyles. Determined to end plastic pollution. Support the 3rd UN Ocean Conference in 2025. Continue to implement the G20 Bioeconomy Initiative in 2025.

Reform of global governance institutions

The challenges facing the international community can only be met multilaterally. The G20 is committed to revitalizing and strengthening the multilateral system, upholding the purposes and principles of the UN Charter and international law, and making relevant international institutions more representative and effective.

In the area of United Nations reform, the General Assembly of the United Nations will be revitalized, its role as the chief deliberative, policy-making and representative organ of the United Nations will be strengthened, and the Economic and Social Council and the Peacebuilding Commission will be strengthened. Promote a more representative selection of staff in the United Nations Secretariat on the basis of equitable geographical distribution. Reform the UN Security Council to make it more representative, inclusive and effective in line with the realities and needs of the 21st century, and improve its working methods. Call for the expansion of the UN Security Council to increase the representation of underrepresented and underrepresented regions and groups, such as Africa, Asia and the Pacific, and Latin America and the Caribbean.

In the area of international financial reform, we will implement the World Bank's reform roadmap and mobilize more funds to help low- and middle-income countries. Looking forward to the World Bank's 2025 equity review. Enhance the representation and voice of developing countries in multilateral development banks and other international economic and financial institutions, and welcome the additional seats for Africa on the Executive Board of the International Monetary Fund. Building a strong, quota-based, and adequately resourced IMF, and welcoming its proposal for quota adjustments by June 2025, including the adoption of a new quota formula. The IMF's efforts to re-lend $100 billion in SDRs to countries in need have achieved a milestone. Welcomes the progress made by the G20 in the implementation of the Common Framework for Debt Treatment and adheres to all commitments made in the Common Framework, including the last paragraph thereof.

In the field of international trade reform, we will build a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system with the World Trade Organization at its core. Ensure fair competition in line with the rules of the World Trade Organization and create a favourable trade and investment environment for all. Support the necessary reform of the World Trade Organization (WTO) to establish a fully complete and functioning dispute settlement mechanism accessible to all members by 2024.

In the field of AI, we strive to make AI good for good, for the benefit of all, and to solve challenges in a responsible, inclusive and human-centered way. Promote innovation-friendly AI governance. Acknowledging the promotion of international cooperation on AI by the United Nations and other forums, including AI for sustainable development. There is a call to support capacity-building in developing countries. International initiatives to support these efforts are welcome. The G20 Task Force on Artificial Intelligence will be established in 2025.

Building an inclusive and effective G20

Welcome the AU as a full member of the G20. Pledged to support African countries through the G20 Initiative on Industrialization in Africa and the Least Developed Countries (announced at the Hangzhou Summit).

The G20 is an informal organization led by leaders. The member focal points will assess the work of the first presidency cycle and make recommendations for the next cycle, including arrangements for future presidency.

They thanked Brazil for its leadership in the G20 this year and welcomed Saudi Arabia's desire to take on the G20 presidency ahead of schedule. We look forward to working together under the South African presidency in 2025 and meeting again in the United States in 2026.