Modi was addressing G20 Leadership summit being attended by heads of 16 States besides heads of invited nations and multilateral agencies beside President of newly inducted African Union.
He said that covid caused a trust deficit which was further depended by Russia Ukraine war. He urged world leaders to focus on turning it into confidence in each other. “When we can defeat Covid, we can also overcome this crisis. As G20 President, India urged the world to convert the global trust deficit into trust and confidence. It is time to move together,” he said in his opening remarks while adding that ‘Sabka Saath, Sabka Vikas, Sabka Viswas and Sabka Prayas’
He also said that the 21st century is a time of giving new direction to the world. “This is a time when age-old challenges are calling for new solutions from us. And therefore, with a human-centric approach, we have to move forward to fulfil our responsibilities,” he added.
The prime minister told the gathering that it had become a people’s G20 in India with over 200 events held in more than 60 cities. “For all challenges, right from the upheaval in the global economy to the North-South divide, from food management to fuel and fertiliser management, from terrorism to cyber security, from health to energy and water security, we have to move towards concrete solutions, together,” Modi said.
He said India’s G20 presidency has become a symbol of inclusion and togetherness within and outside the country. “It has become the people’s G20 in India. Crores of Indians joined it, over 200 meetings were held in more than 60 cities of the country,” Modi said.
Session on One Earth
Later addressing the session on ‘One Earth,’ PM Modi highlighted that that keeping the environment in mind, discussions on Carbon Credit have been ongoing for decades. Carbon Credit emphasizes what should not be done; it has a negative perspective. As a result, what positive steps should be taken, often do not receive adequate attention. There is a lack of encouragement for positive initiatives.
“Green Credit shows us the way forward. To promote this positive thinking, I propose that G-20 countries start working on a ‘Green Credit Initiative’, he said.
Talking about Chandrayan mission, he assured that the data obtained from it will be beneficial for all of humanity.” With the same spirit, India is proposing the launch of the ‘G20 Satellite Mission for Environment and Climate Observation,” he said. Further he added that the climate and weather data obtained from this will be shared with all the countries, especially the countries of the Global South. “India invites all G-20 countries to join this initiative,” he said.
Taking note of requirement of trillions of dollars for an inclusive energy transition, he emphasised that developed countries play a very crucial role in this.
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Along with India, all the countries of the Global South are pleased that developed countries have taken a positive initiative this year, in 2023. Developed countries have expressed their willingness to fulfill their commitment of 100 billion dollars for climate finance for the first time. “By adopting the ‘Green Development Pact,’ G-20 has also reaffirmed its commitments to sustainable and green growth,” he said.