Stay updated with breaking news from B20 Summit. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
PM Modi to address B20 Summit India in Delhi on 27 August. B20 Communique's 2023 summit includes 54 recommendations and 172 policy actions for G20 submission.
“We must make sure that the energy transition is both rapid and orderly,” BP CEO Bernard Looney told the B20 summit. “It needs to be rapid because every year since Paris (climate agreement), the emissions have risen in the world with the exception of the pandemic,” Looney said, adding that if the transition is not orderly, it would “impact the pace of the transition”.
Addressing the B20 Summit India on the theme
Kotak Mahindra Bank Chairman Uday Kotak on Saturday pitched for businesses to finance climate transition with the government supporting them in terms of gap-funding. Stating that the risk of existential viability of the Earth has to be kept above the business viability, Kotak said businesses need to go beyond capital which expects returns and opt for capital that is ready to take losses.
Tata Sons Chairman N Chandrasekaran stated that India's growth journey will have a significant impact on the world's future during his address at the B20 summit. He emphasized India's commitment to equitable growth, sustainability, climate action, and innovation. Chandrasekaran also mentioned that India is projected to achieve an average growth rate of 7% over the next decade.