The G20 leaders have expressed support for the Paris Agreement targets but are pessimistic about phasing down coal. They recognize the need for climate finance and the importance of sustainable biofuels. The agreement to triple renewable energy capacity was seen as a significant step towards meeting climate goals. However, no specific progress was made on phasing out unabated fossil fuels. The G20 leaders called for MDB reforms and a second replenishment process of the Green Climate Fund.