India plans actions to achieve climate, energy goals at G20 Summit
POWER & RENEWABLE ENERGY

India plans actions to achieve climate, energy goals at G20 Summit

India has laid its weight for the introduction of steps that need to be taken by developed countries for achieving climate and energy goals in the Rome Declaration after the G20 Leaders' Summit.

Piyush Goyal, India's Sherpa for the G20 and Commerce and Industries' minister, after the G20 Leaders' Summit concluded in Rome, told the media that instead of just concentrating on the climate targets, India along with other developing nations was able to include a language on what steps need to be taken, including by developed nations to accomplish these goals.

He was briefing about Prime Minister Narendra Modi's interventions and the joint effort at achieving the text of 'Rome Declaration' chosen by the G20 Leaders' Summit. It was Narendra Modi's eighth G20 Summit since 2014 and the first in-person summit since the Osaka Summit in 2019. The summit theme under the Italian Presidency was 'People, Planet, Prosperity, with an overarching theme of recovery from the pandemic.

The Prime Minister took part in all three Summit Sessions on Global Economy and Global Health, Climate Change and Environment and Sustainable Development. The leaders approved the Rome Declaration after over five days of extended negotiations.

Goyal clarified that what G20 considered and decided is global net zero, so all nations put together will be net-zero, which means that developed nations that have already enjoyed the fruits of low-cost energy for many years, will have to go in for net-zero much faster and probably even for net negative so that they can issue policy space and some carbon space for the developing nations to pursue their development agenda.

Image Source

Also read: CDC Group invests $70 million in India's climate change fund

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

India has laid its weight for the introduction of steps that need to be taken by developed countries for achieving climate and energy goals in the Rome Declaration after the G20 Leaders' Summit. Piyush Goyal, India's Sherpa for the G20 and Commerce and Industries' minister, after the G20 Leaders' Summit concluded in Rome, told the media that instead of just concentrating on the climate targets, India along with other developing nations was able to include a language on what steps need to be taken, including by developed nations to accomplish these goals. He was briefing about Prime Minister Narendra Modi's interventions and the joint effort at achieving the text of 'Rome Declaration' chosen by the G20 Leaders' Summit. It was Narendra Modi's eighth G20 Summit since 2014 and the first in-person summit since the Osaka Summit in 2019. The summit theme under the Italian Presidency was 'People, Planet, Prosperity, with an overarching theme of recovery from the pandemic. The Prime Minister took part in all three Summit Sessions on Global Economy and Global Health, Climate Change and Environment and Sustainable Development. The leaders approved the Rome Declaration after over five days of extended negotiations. Goyal clarified that what G20 considered and decided is global net zero, so all nations put together will be net-zero, which means that developed nations that have already enjoyed the fruits of low-cost energy for many years, will have to go in for net-zero much faster and probably even for net negative so that they can issue policy space and some carbon space for the developing nations to pursue their development agenda. Image Source Also read: CDC Group invests $70 million in India's climate change fund

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement