G20 aims to vaccinate 70% of world by mid-2022

The leaders of the Group of 20 major economies have confirmed the need to accelerate the supply of coronavirus vaccines to developing countries. They hope to ensure that 70 percent of the world's population is fully inoculated by mid-2022.

The leaders began their two-day summit in Rome, Italy, on Saturday. The talks are being held face-to-face for the first time in two years.

The meeting comes amid growing concern about the impact of high energy prices and supply disruptions on the global economy.

Sources say that on the first day of their talks, many participants expressed the need to work together for global economic recovery from the pandemic.

The leaders agreed that it is essential to eliminate inequity between industrialized and developing countries in access to vaccines for full-scale recovery from the pandemic.

They also reaffirmed the agreement made at a ministerial level that sets out a minimum corporate tax rate. The deal ensures that large companies pay their fair share of tax.

The leaders will discuss climate change on Sunday.

The focus is on whether the G20 economies, which generate about 80 percent of carbon dioxide emissions, will be able to send a positive message ahead of the UN's COP26 climate change conference. The event begins in Britain on Sunday.