G-20 leaders to tackle energy prices, other economic woes

29th Oct,2021

G-20 leaders to tackle energy prices, other economic woes



Leaders of the Group of 20 countries will meet in person for the first time since the pandemic began to face a global recovery hampered by a series of stumbling blocks, including an energy shortage driving up fuel and utility prices, new COVID-19 outbreaks, and supply chain bottlenecks that keep the economy humming and goods moving to consumers. The summit will provide an opportunity for leaders representing 80% of the global economy to discuss and exert peer pressure on all of these concerns.
Health and financial officials are sitting down in Rome on Friday before presidents and prime ministers gather for the G-20 Saturday and Sunday, but the leaders of major economic giants China and Russia won't be there in person. That may not augur well for cooperation, particularly on energy issues, as climate change takes centre stage just as the UN Climate Change Conference in Glasgow, Scotland, kicks off on Sunday.