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Beyond the declaration that avoided condemning Moscow for its invasion of Ukraine, the Summit also saw multiple initiatives that will help better relationships between the G20 countries and the newly included African Union.
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Prime Minister Narendra Modi on Sunday announced the closure of the New Delhi G20 leaders' Summit and handed over the presidency gavel to Brazilian President Luiz Inacio Lula da Silva.
Green Energy: The G20 New Delhi Declaration backed up the promise by noting the need to mobilise USD 5.8 trillion-5.9 trillion from all sources by 2030 for developing countries to implement their nationally determined contributions (NDCs). To implement clean energy technologies by 2030 and reach net-zero emissions by 2050, USD 4 trillion will be needed per year.
Exclusive for Subscribers from Monday to Friday: Have you ever thought about how G20 and Global South, or United Nations Security Council are relevant to the UPSC Exam? What significance do topics like Partnership for Global Infrastructure Investment, Earthquakes unpredictability, Cotton Production and Crude oil have for both the preliminary and main exams? You can learn more by reading the Indian Express UPSC Key for September 11, 2023.