World leaders at the G20 summit in Rio de Janeiro have finalized a joint declaration emphasizing a collective commitment to addressing climate change and international tax cooperation. The summit, hosted by Brazilian President Luiz Inácio Lula da Silva, centered on the launch of a 'Global Alliance Against Hunger and Poverty,' which secured backing from over 80 nations. However, discussions remained complex regarding the financing of energy transitions in developing countries, with delegates debating the balance between direct state aid and private investment. On the geopolitical front, the final communique maintained a cautious stance on conflicts in Ukraine and the Middle East, calling for 'just and lasting peace' while navigating the diverse diplomatic interests of member states. While proponents hail the summit as a victory for the Global South, some environmental observers expressed concern over the lack of specific timelines for the phase-out of fossil fuels.