Key Outcomes
On 30–31 October 2021, G20 leaders met for a two-day summit hosted by the Italian G20 Presidency in Rome.
Charles Michel, President of the European Council, and Ursula von der Leyen, President of the European Commission, represented the European Union.
At the conclusion of the meeting, G20 leaders adopted the G20 Leaders’ Declaration.
G20 Leaders’ Declaration – Rome
During the summit, G20 leaders agreed on the following:
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To keep within reach the goal of limiting global warming to 1.5°C above pre-industrial levels
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To accelerate actions toward achieving global net-zero greenhouse gas emissions or carbon neutrality by or around mid-century
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To reaffirm developed countries’ commitment to mobilizing USD 100 billion annually for climate finance, welcoming new pledges by some G20 members
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To implement new rules for a fairer and more stable international tax system, including a global minimum corporate tax rate of 15% by 2023
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To strengthen efforts to ensure equitable and timely access to COVID-19 vaccines, particularly for low- and middle-income countries
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To establish a G20 Joint Finance–Health Task Force to ensure adequate financing for pandemic prevention, preparedness, and response
Economic Recovery
Leaders noted that the global economy rebounded strongly in 2021, driven by vaccine rollouts and continued policy support. However, the pace of recovery varied significantly across and within countries.
For this reason, the G20 reaffirmed its commitment to using all available tools for as long as necessary to address the negative impacts of the pandemic—especially on the most affected groups, including women, youth, informal workers, and low-skilled workers—while addressing rising inequalities.
“We will continue to support the recovery, avoid premature withdrawal of support measures, and safeguard financial stability and long-term fiscal sustainability, while protecting against downside risks.”
— G20 Leaders’ Statement
The G20 also pledged to remain vigilant regarding global economic challenges, including supply chain disruptions.
COVID-19 Response
To address ongoing vaccination gaps, G20 leaders committed to significantly increasing the supply and access to vaccines, treatments, and diagnostics, with special attention to the needs of low- and middle-income countries.
This commitment aimed to achieve the World Health Organization’s targets of vaccinating:
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At least 40% of the population in all countries by the end of 2021, and
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70% by mid-2022
Ensuring fair and rapid global vaccine distribution includes strengthening supply chains, expanding and diversifying manufacturing capacity, improving vaccine confidence, and combating misinformation.
G20 leaders also reaffirmed their commitment to the Rome Declaration, adopted at the Global Health Summit in May, as a guiding framework for collective action.
