G20 Leaders Agree on New Framework for Climate Finance

G20 leaders reached a landmark agreement on a new climate finance framework that commits developed nations to channeling $300 billion annually to developing countries for green transition projects by 2030.The deal was hailed as a breakthrough after two days of intensive negotiations at the summit hosted in South Africa.Key CommitmentsThe framework includes binding timelines, transparent reporting mechanisms, and a new multilateral fund specifically targeting small island nations and least developed countries.Climate activists cautiously welcomed the agreement while calling for faster implementation and more ambitious emissions reduction targets.