The establishment of a global tax on super-rich individuals was discussed at the G20 Summit.

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On the first day of the 19th G20 Leaders' Summit held in Rio de Janeiro, Brazil, a statement was issued regarding developments in Gaza, Lebanon, and Ukraine.

The statement noted that the humanitarian situation has reached catastrophic levels due to Israel's attacks on the Gaza Strip and Lebanon since October 2023, raising deep concerns.

THE RIGHT OF PALESTINIANS TO SELF-DETERMINATION

The statement emphasized that all obstacles to the delivery of humanitarian aid must be removed, stating, "There is an urgent need to increase humanitarian aid and strengthen the protection of civilians. The right of Palestinians to self-determination and unwavering commitment to the vision of a two-state solution were reaffirmed."

The statement reminded that approximately 45,000 people have lost their lives in the Gaza Strip and 3,500 in Lebanon as a result of Israeli attacks.

The statement also addressed the humanitarian suffering caused by the Russia-Ukraine war, pointing to the negative impacts of the war on global food and energy security, supply chains, macro-financial stability, inflation, and growth.

"SUSTAINABILITY AND PROSPERITY CAN ONLY BE ACHIEVED THROUGH PEACE"

The importance of resolving conflicts through peaceful means was emphasized in the statement, which stated, "All relevant and constructive initiatives supporting a comprehensive, just, and lasting peace are welcomed. Efforts to end conflicts and crises, as well as diplomacy and dialogue, are essential. Sustainability and prosperity can only be achieved through peace."

COMBATING THE CLIMATE CRISIS AND GLOBAL COOPERATION

The statement highlighted the G20 countries' determination to combat the climate crisis, noting that more financing is needed for poor countries. It emphasized the need to increase international cooperation and support for public and private climate financing and investments, especially for developing countries. It is necessary to promote the international economic system to ensure sustainable economic growth. Additionally, warnings were issued against the use of climate measures such as unfair restrictions in international trade.

NEW FUNDING CALL FOR FORESTS

The statement pointed out the importance of intensifying efforts to protect and sustainably manage forests. It addressed the challenges faced by local communities and indigenous peoples, committing to mobilize new funds for forests.

The statement reminded of the targets of the Paris Climate Agreement, reiterating the commitment of member countries to accelerate clean, sustainable, fair, affordable, and inclusive energy transitions and the goal of reaching net-zero carbon by the middle of the century.

DISCUSSION ON TAXING THE SUPER-RICH

On the other hand, the summit discussed Brazil's proposal to create a global tax on super-rich individuals.

It was emphasized that if the 3,300 billionaires in the world paid 2% of their wealth in their respective countries as a global tax, it would be possible to raise between $200 billion and $250 billion annually to finance projects combating poverty, hunger, and climate change.