South Africa's G20 presidency to prioritise climate finance


  • World
  • Wednesday, 26 Feb 2025

A man walks at the Cape Town International Convention Centre during day two of the four day G20 Finance Ministers meeting in Cape Town, South Africa, February 25, 2025. REUTERS/Nic Bothma

CAPE TOWN (Reuters) - South Africa's G20 presidency this year will prioritise efforts to help developing countries finance their shift to a low-carbon economy, President Cyril Ramaphosa said, even as the United States radically scales back its support.

President Donald Trump's administration, whose top officials have skipped two meetings of the Group of 20 nations held in South Africa this week and last, has cut overseas aid programmes, raising concerns of a potential clean energy funding shortfall.

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