PM Modi hands over G20 presidency to Brazil as summit draws to close
President Murmu, PM Modi welcome G20 leaders, delegates at grand dinner
President Droupadi Murmu and Prime Minister Narendra Modi on Saturday welcomed G20 leaders and delegates at a grand dinner hosted for them at Bharat Mandapam, the venue for the Summit, in Delhi.
They welcomed the guests before the start of the dinner at a dais, with its backdrop depicting the ruins of the Nalanda University in Bihar and India's G20 presidency theme -- 'Vasudhaiva Kutumbakam - One Earth, One Family, One Future'.
G20 nations commit to promote faster, transparent, inclusive cross-border payments
The G20 nations on Saturday resolved to promote faster, cheaper, more transparent and inclusive cross-border payments as envisaged in the G20 Roadmap for Enhancing Cross-border Payments.
The New Delhi Leaders' Declaration, adopted by the G20 leaders, also appreciated the successful conclusion of the G20 TechSprint 2023, a joint initiative with the BIS Innovation Hub, which will promote innovative solutions aimed at improving cross-border payments.
"We reaffirm our commitment to the effective implementation of the prioritised actions for the next phase of the G20 Roadmap for Enhancing Cross-border Payments to achieve global targets for faster, cheaper, more transparent and inclusive cross-border payments by 2027 and welcome the initiatives undertaken by SSBs and international organisations in this direction," it said.
Anti-smog guns, water sprinklers to control pollution in Delhi
The Municipal Corporation of Delhi (MCD) on Saturday said that anti-smog guns and water sprinklers have been deployed to control pollution in the national capital, where the G20 Summit is underway.
“The MCD is putting main emphasis on roads around G20 summit. The Municipal Corporation of Delhi has deployed 20 anti-smog guns at pollution hotspots to control pollution. The anti smog guns have been deployed at sanitary landfill sites situated at Bhalaswa, Ghazipur and Okhla and pollution hotspot at Anand Vihar,” an MCD official said.
G20 leaders for inclusive growth
G20 leaders on Saturday called for a strong, sustainable, and inclusive growth as an answer to the uneven recovery the world has seen from the pandemic-infused plunder, and flagged trillions of dollar that countries would need to meet their climate goals and clean energy technologies.
The New Delhi Declaration adopted at the Summit of leaders of the world's top 20 economies held under India's presidency also called for reforming of international financial institutions, managing debt vulnerabilities of low and middle-income countries and the start of exchange of tax-relevant information on crypto assets by 2027.
The declaration called for accelerating efforts to phase down unabated coal power, phase-out of inefficient fossil fuel subsidies and low-cost financing for energy transition of developing countries.
While developing countries need USD 5.8-5.9 trillion in the pre-2030 period for their climate goals, the world would need another USD 4 trillion per annum investment by 2030 to help reach net-zero carbon emission goal by 2050.
India proposes G20 satellite for climate observation
India on Saturday proposed to launch a G20 Satellite Mission for Environment and Climate Observation, with an aim to help the countries of the global south.
Prime Minister Narendra Modi made the suggestion at the G20 Leaders' Summit at the Bharat Mandapam international convention centre here in the presence of world leaders including US President Joe Biden, UK Prime Minister Rishi Sunak and South Africa President Cyril Ramaphosa among others.
Modi said the G20 satellite mission would be beneficial for all of humanity just as the data obtained from India's successful Chandrayaan moon mission.
PM Modi calls for global effort on climate change, green finance
Prime Minister Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems.
Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change.
"Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world. Trillions of dollars are required for an inclusive energy transition. Naturally, developed countries play a very crucial role in this," he said.
Prime Minister Modi commended the developed countries for their willingness to fulfil their commitment of USD 100 billion for climate finance for the first time.