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Aside from climate issues, the leaders signed off on a landmark agreement for countries to enact a global minimum corporate tax of 15%.

The 2015 Paris accords seek to keep the rise “well below” 2 degrees Celsius (3.6 F) and to “pursue efforts” to limit it to 1.5 degrees Celsius. The Group of 20 concurred that the impacts of climate change, such as extreme storms, floods and rising sea levels, will be “much lower” if the average increase in global temperature can be held to 1.5 degrees Celsius (2.7 degrees Fahrenheit).

But the G-20 set no target for phasing out coal domestically, a decision that was a clear nod to top carbon emitters China and India. The leaders agreed to end public financing for coal-fired power generation abroad, matching a decision by the G-7 members during their June summit in Cornwall, England. The Group of Seven rich democracies have set 2050 as the latest date, but leaders of the larger G-20 forum settled on “by or around mid-century.” China, Saudi Arabia and Russia have set 2060 as their goal for reaching carbon neutrality. That means producing emissions at a level where they can be removed from the atmosphere by oceans, forests and abatement measures. The summit arrived at compromise wording for when G-20 nations need to reach net-zero greenhouse gas emissions. These are the key takeaways from what was agreed on in Rome - and what wasn’t. They labored to bridge the gap between a push for a tougher climate stance from European countries going into the 13-day Glasgow conference and concerns from China, India and Russia, where fossil fuels and coal play a major role.

G-20 negotiators worked all night from Saturday to Sunday on the wording of the summit’s concluding statement. Climate Change Conference was opening in Glasgow, Scotland. Climate change dominated their summit, which ended just as an annual U.N. Leaders of the Group of 20 countries haggled for two days in Rome over steps to tackle climate change and a pandemic recovery that is diverging between rich and poor countries.