The 20th Group of 20 (G20) Summit commenced in Johannesburg on Saturday, marking a historic moment as the first G20 summit held on African soil. Under the theme ‘Solidarity, Equality, and Sustainability,’ the two-day event underscored Africa’s growing influence in global governance and its alignment with the development priorities of the Global South. The summit concluded with the adoption of the ‘G20 South Africa Summit: Leaders’ Declaration,’ which emphasized the need for more equitable global governance and reinforced the commitment to multilateralism, with the United Nations at its core. The declaration highlighted peace as a cornerstone for sustainable economic development and stressed the importance of international cooperation in addressing pressing global challenges, including economic inequality and instability. G20 leaders also acknowledged the urgent need to ramp up global investments to meet the climate goals outlined in the Paris Agreement, calling for a significant increase in climate finance from billions to trillions of dollars. The declaration further emphasized the alignment of financial flows with climate objectives, alongside scaling up finance, capacity building, and technology transfer, particularly for developing countries. Additionally, the leaders reaffirmed their commitment to the swift implementation of the Kunming-Montreal Global Biodiversity Framework and celebrated the 30th anniversary of the Beijing Declaration and Platform for Action, pledging to accelerate its full implementation. South Africa, which assumed the G20 presidency on December 1, 2024, became the first African nation to hold this prestigious role, with the United States set to take over on December 1, 2025.
