How to set up working X11 forwarding on WSL2

Question

When moving from WSL1 to WSL2 many things change; apparently this applies to X11 forwarding as well.
What steps do I need to make in order to use X11 forwarding with WSL

Answer 1

I would rather set up an ssh server in the guest, install an X11 server like Xming on the host and connect to localhost via putty with X11 forwarding. No fiddling with firewall rules, host IP is not required.