G20 Leaders Agree on Climate Finance Boost at 2026 Summit in Bali

G20 leaders concluded their summit in Bali today with a landmark agreement to increase climate finance for developing countries. The pact commits $100 billion annually by 2030 to support green energy projects and climate adaptation efforts. This move aims to address the growing climate crisis and bridge funding gaps highlighted by vulnerable nations. According to Reuters, the agreement marks the first time the G20 has set a clear, binding target for climate finance. The summit also emphasized cooperation on global economic recovery and digital transformation. Indonesia, as host, highlighted the need for inclusive growth amid geopolitical tensions. The consensus reflects a rare moment of unity among member states on urgent environmental issues.