G20 Summit in New Delhi Ends with Agreement on Climate Finance Boost

The G20 summit held in New Delhi concluded today with a landmark agreement to increase climate finance for developing nations. Leaders pledged an additional $100 billion annually by 2030 to support renewable energy projects and climate adaptation. According to Reuters, this commitment aims to bridge the funding gap highlighted in recent UN climate reports. The summit also emphasized global cooperation on sustainable development and economic recovery post-pandemic. Indian Prime Minister Narendra Modi hailed the agreement as a step forward in global climate action.