Lula wants “reform of global governance” and demands financing

by Andrea
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This Sunday (17), when speaking at the opening of Urban 20, a parallel event to the G20 meeting in Rio de Janeiro, President Lula (PT) defended a “reform of global governance” and demanded funding for cities “in the Global South ” can face the climate crisis.

“The third priority of the Brazilian Presidency of the G20 is the reform of global governance, including its financial architecture and multilateral development banks. It will not be possible to build a new urban agenda without investment and without adequate multilateral governance”, said Lula

“Cities cannot finance urban transformation alone. They cannot be neglected in the new climate transition financing mechanisms”, he added.

Then, still in defense of the reformulation of the global order, Lula criticized the Israeli bombings in Gaza.

New global governance

Lula’s speech repeats what was defended by the presidents of the Chamber, Arthur Lira (PP-AL), and of the Senate, Rodrigo Pacheco (PSD-MG), during the opening ceremony of the 10th Summit of Presidents of Parliaments of the G20 (P20 ), on November 7th.

According to Pacheco, no country will be able to impose its worldview and solve problems alone. In the opinion of the President of the Senate, solutions must be joint.

Arthur Lira said that the climate crisis affects people unequally, requiring investments and responsibilities to minimize its effects in a proportional and fair way.

Afterwards, Lira cited Brazil as a country accredited to lead this discussion as it had already approved measures in this regard.

UN Secretary-General proposed pact for new global governance system

At the end of September, during the United Nations (UN) Summit, the UN Secretary-General, António Guterres, presented to world leaders a pact for a new system of global governance.

The new pact outlined by Guterres includes Artificial Intelligence (AI), reform of the UN Security Council, outer space, peace operations, climate change and development financing.

For critics, in practice, the new pact increases the power of the UN.

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