Mr Rudd is adamant that while the meeting did not end up with bold action, it was an important step in ensuring world leaders take a lead during the climate change debate.

He says the risk is the world ends up at the climate change in Copenhagen next year without firm direction.

To keep leaders engaged there will be another major economies meeting at the G8 next year.

Mr Rudd has also announced that Australia will donate an extra $50 million to the World Bank to fight food shortages and will also push for greater action on liberalising trade barriers.

He remains concerned about the world's financial crisis, saying the world is not out of the woods yet and he has called for greater governance and transparency on financial markets.

Mr Rudd has also accepted an invitation to visit India later this year.

Source: By ABC Australia, Copyright 2008.