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G-20 summit concludes in New Delhi…….

The G20 summit concludes today in Delhi. Today is the final session of the ‘One Future’ summit. The discussions will take place from 10.30 a.m. to 12.30 p.m. World leaders who visited Gandhiji’s memorial shrine this morning paid their respects. Leaders will plant saplings at the G20 venue, Bharat Mandapam.

At the same time, the city was waterlogged in many places due to heavy rain. Waterlogging was reported near the Bharat Mandapam, where the summit is being held. Water also entered the International Media Centre’s lower floor. Efforts are being made to avoid waterlogging. Heavy rain has been continuing in Delhi since this morning.

The US media criticised the G20 summit’s first-day joint declaration, which included the Ukraine conflict as a compromise with Russia. The consensus in the declaration was made possible by warning against incursions without strongly condemning Russia. The American media is criticising this. However, US National Security Advisor Jake Sullivan responded that there is a strong warning about Russian intrusion. Ukraine’s response was that there was nothing to be proud of.

Highlights of the speech delivered by Prime Minister Narendra Modi at the first session of the G20 summit.

Prime Minister Narendra Modi proposes a ‘Green Credit Initiative’ at the G20 Summit.

Friends, India is a land rich in religion, spirituality, tradition, and diversity. Many of the world’s major religions were born here, and all of them were revered. As the ‘Mother of Democracy,’ we have been steadfast in our belief in dialogue and democratic principles since time immemorial. India’s global engagements are rooted in the basic principle of ‘Vasudhaiva Kudumbakam’, which means ‘the world is one family’. The concept of treating the world as a family binds every Indian to the sense of ‘One Earth’ responsibility. With this attitude of ‘One Earth’, India started an ‘Environment Friendly Lifestyle’ (Life). With India’s initiative and your support, the whole world is celebrating this year as the ‘International Year of Small Grains’ in line with the principles of climate security. In line with this, at COP-26, India launched the concept of ‘Green Energy Sector Initiative: One Sun, One Earth, One Energy Sector’.

Today, India is one of the countries experiencing a large-scale solar energy revolution. In India, millions of farmers have adopted environmentally friendly farming practices. It is an excellent campaign to protect the soil and earth’s health, as well as human health. In order to increase green hydrogen production, we have launched a ‘National Green Hydrogen Mission’ in India. During India’s chairmanship of the G-20, we have also taken important steps to create a global hydrogen ecosystem. Given the threat of climate change, the energy transition is a critical need in the twenty-first century. For comprehensive energy transition measures, billions of dollars are required. Naturally, developed nations play a critical role in this. Along with India, all countries in the Global South are happy with the steps taken by developed countries in 2023. For the first time, developed countries have expressed their willingness to set aside $100 billion for climate finance. By adopting the ‘Green Development Pact’, the G-20 also reaffirmed its commitment to sustainable and green growth.

Considering the collective effort of the G20, India has some proposals to make today at this forum. The time has come for all countries to collaborate on the issue of fuel mix. Our suggestion is to take a global initiative to add up to 20 percent ethanol in petrol. Or, we can work to develop a different mix for the global good, contributing to climate change action and ensuring a stable energy supply. In this context, we are launching the Global Biofuel Alliance today. India invites you all to participate in this initiative.

When it comes to environmental issues, the debate over carbon credits has raged for decades. Carbon credits emphasise what not to do; It has a negative outlook. As a result, what positive steps should be taken often go unnoticed. Initiatives that are creative are less encouraged. Green credit points us in the right direction. We propose that the G-20 countries start working on a ‘Green Credit Initiative’ to encourage this creative thinking. The success of India’s Chandrayaan lunar mission is well known to all of you. The knowledge gained from it will be beneficial to all humans. In the same vein, India proposes launching a G20 satellite mission to monitor the environment and climate. Atmospheric and climate data obtained from this will be shared with all countries, especially countries in the Global South. India invites all G-20 countries to join this initiative.

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