Why the G20 keeps failing, and still matters

The G20 summit, which aims to coordinate global economic policy, has struggled to achieve real-world results. While joint statements are made, there are often no clear consequences for underperforming nations. For example, despite pledging to limit global warming and end the financing of coal power plants overseas, coal-fired power generation reached a new high in 2022. However, the G20 has had some successes, such as stabilizing the financial system during the global financial crisis and supporting a major tax overhaul. Critics argue that the G20's membership lacks representational procedures and conflicts between nations have hindered its effectiveness.

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