Leaders of the world’s largest economies concluded the G20 summit in Rio de Janeiro on Tuesday, issuing a joint declaration that emphasizes international cooperation on taxing the ultra-wealthy and accelerating climate finance. The consensus comes at a time of significant geopolitical tension, with the document calling for a 'comprehensive' ceasefire in Gaza and Lebanon while expressing concern over the humanitarian situation in Ukraine. While host President Luiz Inácio Lula da Silva hailed the agreement as a victory for the Global South, some observers noted the absence of specific enforcement mechanisms for the proposed global tax. Additionally, the summit highlighted a growing divide over trade policies and climate commitments as several nations prepare for shifts in U.S. foreign policy. Despite these challenges, the group reaffirmed its commitment to the Paris Agreement, signaling a collective intent to stabilize global markets and address rising inequality.