G20 Summit in Brazil to Address Climate Change and Diplomatic Tensions
November 17, 2024, 2:05 pm

G20 Summit in Brazil to Address Climate Change and Diplomatic Tensions

قمة العشرين

The G20 summit in Brazil this week will discuss several key topics, including the diplomatic tensions surrounding global warming. This comes after negotiators at UN talks in Azerbaijan reached an impasse over climate financing.

Negotiators hope that leaders of the world's twenty largest economies will pave the way for renewed funding, according to a report from Reuters.

Leaders of the G20 countries are set to arrive in Rio de Janeiro today, with the summit scheduled for tomorrow and the day after. They will address a range of issues, from poverty and hunger to global institutional reform, as the UN Climate Change Conference (COP29) highlights their efforts to tackle global warming.

While COP29, taking place in Baku, Azerbaijan, is tasked with agreeing on the allocation of hundreds of billions of dollars for projects aimed at combating climate change, it will be the G20 leaders meeting in Rio who hold the reins of power.

The G20 represents 85% of the world's economy and is the largest contributor to multilateral development banks that help direct climate financing. The group is also responsible for over three-quarters of global greenhouse gas emissions.

Just days ago, UN Secretary-General Antonio Guterres stated during COP29, "All countries must play their part, but the G20 must lead the efforts, as they are the largest emitters and have the greatest capacities and responsibilities."

Reaching such an agreement may become more challenging with the return of President-elect Donald Trump to power, as he is reportedly preparing to withdraw the United States from the Paris Climate Agreement once again.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has announced its sponsorship of the “Innovation and Sustainable Technology Solutions Competition (GU - IST Solutions), hosted by Gulf University at its main campus.
This strategic sponsorship reflects BENEFIT’s active role in advancing technological innovation and fostering sustainable solutions to future challenges. It also seeks to empower Bahraini youth by enhancing their skills, capabilities, and competitiveness in innovation and solution development—contributing meaningfully to the broader goals of sustainable development across all sectors.
As part of BENEFIT’s active involvement in the competition, the company has announced that Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication, will serve on the competition’s supervisory committee. Her upcoming participation reflects BENEFIT’s forward-looking commitment to championing academic and professional excellence.
Commenting on the occasion, Hanan Abdulla Hasan, Senior Manager of Public Relations and Communication at BENEFIT, said, “We are privileged to support this pioneering initiative, which aligns seamlessly with BENEFIT’s enduring commitment to fostering innovation and nurturing the potential of Bahrain’s youth. Our participation is rooted in a deep sense of social responsibility and a firm belief in the pivotal role of innovation in shaping a sustainable future. Through such platforms, we seek to empower the next generation with the knowledge, skills, and foresight required to develop impactful solutions that address future challenges, in line with the United Nations Sustainable Development Goals 2030.”
Dr. Aseel Al Ayash Dean of the College of Engineering in Gulf University commented, “We extend our sincere gratitude to BENEFIT for their generous sponsorship and support of the Innovation and Sustainable Technology Solutions Competition. This contribution plays an instrumental role in helping us achieve the strategic goals of this initiative, namely, cultivating a culture of innovation and sustainability, encouraging efforts that address the imperatives of sustainable development, and enhancing the practical and professional capabilities of our students and participants.”
The event will bring together a diverse spectrum of participants, including secondary school students, university undergraduates, engineers, industry professionals, entrepreneurs, academic researchers, and subject matter experts representing a wide range of disciplines.
The competition seeks to inspire participants to develop and present innovative, sustainable technologies aimed at addressing pressing environmental, social, and economic challenges. It encourages the formulation of business models that integrate advanced technological solutions with core principles of sustainability. Moreover, it serves as a platform for emerging leaders, entrepreneurs, and innovators to contribute to the advancement of the Sustainable Development Goals, promote the ethos of responsible technology, and demonstrate its transformative potential across various sectors.
Attendees will have the opportunity to view a series of project presentations submitted by participants, covering diverse areas such as eco-friendly product design, smart and sustainable innovations, renewable energy technologies, water conservation and management, waste minimisation and recycling, green architectural solutions, and sustainable transportation systems. Outstanding projects will be formally recognised and awarded at the conclusion of the event.