G20 took bold steps towards global environment: MoCIIP
Published: 05:09 PM,Sep 16,2023 | EDITED : 09:09 PM,Sep 16,2023
The G20 summit in New Delhi resulted in a unanimous agreement on the New Delhi Declaration, featuring commitments to environmental sustainability, sustainable energy transitions, and addressing plastic pollution.
The Global Biofuel Alliance was also launched at the summit to promote the development and adoption of sustainable biofuels.
Speaking to the Observer, Faisal al Nabhani, Director of International Cooperation and Trade Relations at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), said the G20 summit resulted in major decisions and declarations.
'A significant development was the signing of a Memorandum of Understanding (MoU) amongst several countries to establish the India – Middle East – Europe Economic Corridor (IMEC), aimed at promoting economic development through the integration of transportation routes,' Faisal al Nabhani said.
The G20 nations, collectively responsible for around 80 per cent of global emissions, agreed to a goal of tripling global renewable energy capacity and emphasised the need for emissions to peak before 2025.
There was also a call to mobilise significant funding for climate change and clean energy technologies, with figures reaching into the trillions of dollars.
Furthermore, the African Union, representing the 55 countries of the African continent, was accepted as part of the G20, expanding its representation beyond South Africa, the only previous African member. This shows that the G20 is more inclusive and might be a sign of things to come where other country groups find a permanent place at the G20 soon.
The Global Biofuel Alliance was also launched at the summit to promote the development and adoption of sustainable biofuels.
Speaking to the Observer, Faisal al Nabhani, Director of International Cooperation and Trade Relations at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP), said the G20 summit resulted in major decisions and declarations.
'A significant development was the signing of a Memorandum of Understanding (MoU) amongst several countries to establish the India – Middle East – Europe Economic Corridor (IMEC), aimed at promoting economic development through the integration of transportation routes,' Faisal al Nabhani said.
The G20 nations, collectively responsible for around 80 per cent of global emissions, agreed to a goal of tripling global renewable energy capacity and emphasised the need for emissions to peak before 2025.
There was also a call to mobilise significant funding for climate change and clean energy technologies, with figures reaching into the trillions of dollars.
Furthermore, the African Union, representing the 55 countries of the African continent, was accepted as part of the G20, expanding its representation beyond South Africa, the only previous African member. This shows that the G20 is more inclusive and might be a sign of things to come where other country groups find a permanent place at the G20 soon.