COP20 and geopolitics
18
Nov
The topic will not be touched upon directly, as
Arab countries such as Egypt and Turkey are taking part in the conference and Russia will be present through Foreign Minister Serguei Lavrov.
Brazil is hosting the conference, which is expected to last until Monday. The G20 or Group of 20 was formed with an economic purpose after the successive financial crises of the 1990s. In 1999, finance ministers and heads of central banks from the 19 largest economies in the world, plus the African Union and the European Union, aimed to create a strong economic group that would coordinate global actions in the economy.
These countries account for 90% of the world’s GDP and 80% of world trade (including intra-EU trade) and two thirds of the world’s population. We would expect something of great economic interest, but issues such as gender options and geopolitics (indirectly the topic will be touched on) should be avoided and, as in previous editions, the climate should be the big topic, but there is an expectation that the topic of taxing large fortunes will be taken forward.
The basic text is already being drafted behind the scenes and the final text is expected to be presented in the early hours of Tuesday morning. The meeting is important for peace, even if it is not the subject of the meeting, but the talks between the leaders and ministers of these countries will improve relations.
Meanwhile, the war in Eastern Europe is taking on dramatic contours, the Ukrainian capital Kiev has been constantly attacked by drones and the United States has given Kiev permission to use long-range missiles that could hit targets inside Russia.
In the Middle East, Israel is expected to reach an agreement with Lebanon, but the bombings continue and Iran is not taking part in the negotiations, so Hezbollah remains at war.
It is hoped that in addition to the traditional issues of gas emissions and climate problems, COP20 will launch some kind of nod towards peace, given that Russia, China and the United States will be present at the conference.
