As the former head of the European Central Bank, Draghi commands respect and is carving a larger role for himself within Europe’s circle of influence - but corralling G20 holdouts into submission might prove beyond even his abilities. Italy itself has yet to make a contribution to the US$100 billion fund aimed at helping poorer countries.
The reality is that, as the unelected technocratic leader of a smaller developed economy, he’s not in a position to dictate climate terms. It’s a bit of awkward for the man who saved the euro and likes to get things done. Here is your guide to the complicated considerations of some of the leaders as they attend, or dial in, to the two-day summit. The meeting comes as countries grapple with spiraling energy costs and supply-chain shortages, challenges that are reigniting geopolitical tensions between producers and users.
The mood of mutual suspicion is hard to bridge without the kind of face-to-face contact that can clear the air.
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