Delhi Declaration cleared
CURRENT AFFAIRS FOR 10TH SEPTEMBER, 2023
Delhi Declaration cleared
A success for India's Presidency, G-20 members agreed to a joint statement, forging consensus on the "Ukraine paragraphs", and also accepted the membership of the African Union into the grouping.
The final breakthrough followed a proposal by Indonesia-India-Brazil-South Africa. Japan as the current President of the G7+ EU bloc also played a role in bridging the differences.
Notably, the Delhi Declaration in contrast to the Bali document, simply refers to differing "national positions" of the various G-20 members on the "war in Ukraine", with a generic reference that "all states must refrain from the threat or use of force to seek territorial integrity and sovereignty or political independence of any state."
The outcomes included the Deccan High-Level Principles on Food Security and Nutrition, Chennai High-Level Principles for Blue/Ocean Economy, Goa Roadmap for Tourism, among others.
The G-20 Leaders' Declaration for the first time formally recognizes the quantum jump in finance necessary for the world to transition to a renewable energy economy. The Declaration noted "the need for USD 5.8-5.9 trillion in the pre-2030 period required for developing countries as well as USD 4 trillion per year for clean energy technologies by 2030 to reach net zero by 2050".
The Declaration recognizes the need to reduce global greenhouse gas emissions by 43% by 2030 (relative to 2019 levels) and notes that global peaking must occur before 2025.
The G-20 communique also "encourages tripling of renewable energy capacity by 2030 and voluntary doubling the rate of energy efficiency improvement by 2030".