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21st December 2023 (9 Topics)

NITI Aayog report on ‘A Green and Sustainable Growth Agenda for the Global Economy’

Context

The report will add to the body of knowledge on the subject and will also provide valuable inputs for Brazil as it takes over the G20 presidency from India”

The report launch was a significant effort of NITI Aayog in Partnership with IDRC and GDN paving the way for green and sustainable growth.

Highlights

Highlights of the Report:

i. G20 Report Launch:

  • Participants: Ministry of Environment, Forest & Climate Change, NITI Aayog, Sherpa, G20 India, and other dignitaries.
  • Organizers: NITI Aayog in collaboration with the International Development Research Centre (IDRC) and the Global Development Network (GDN).

ii. Collaborative Effort and Global Experts' Involvement:

  • Expert Involvement: 40 leading experts from 14 countries contributed to the report.

iii. Minister's Address and India's Climate Stance:

    • Praises NITI Aayog for the report release.
    • India's resolve for collaborative climate action.
    • Emphasis on a swift, just, and equitable transition to renewable energy.
    • Climate finance and technology crucial for sustainable growth.
    • Developed countries' responsibility to help combat climate change.

iv. G20 New Delhi Leaders’ Declaration and Finance Needs:

  • Declaration Highlights:
    • Urgency and importance of accelerating global growth.
    • Free trade critical for lifting populations above the poverty line.
    • Revitalization of the World Trade Organisation advocated.
  • Finance Needs: Trillion-dollar requirement by 2030 as per G20 New Delhi Leaders’ Declaration.

v. G20 Sherpa's Views and WTO Revitalization:

  • NITI Aayog Views:
    • Complements NITI Aayog for the conference and report.
    • Inputs from the conference incorporated into the New Delhi Leaders’ Declaration.
    • Emphasizes the critical role of free trade and the need to revitalize the World Trade Organisation.

vi. Just Transition and Economic Impact:

  • Theme: Just transition as a critical pathway to mitigating climate change.
  • Economic Impact: Positive economic outcomes for developed and emerging economies discussed.

vii. Way Forward: Collective Commitment to Sustainability:

  • Commitments: Participants committed to shaping a more sustainable and equitable world.
  • Event Significance: Underscores the importance of collective efforts in addressing global challenges.
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