Page 11 - G20 Meeting

Investment in renewable energy concentrated in developing countries: Expert

While huge amount of investment is occurring in the renewable energy sector, a large proportion of it goes to developing countries and the rest of the world get hardly any fund, Ajay Mathur, Director General of International Solar Alliance, said on Thursday. Talking to PTI at the sidelines of an event during G20 fourth Energy Transitions Working Group meeting, Mathur said that the net zero emission target is possible. "We see a huge amount of investment occurring in renewable energy in general and solar in particular. In 2022, the investment in renewable area was approximately 500 billion dollars of which half was in the solar," he said. Mathur said, "The problem is that the vast amount of this money went to the countries like China and large emerging developing countries while rest of the world, hardly got anything." He said that the investment in Africa (African continent) for example was less than 5 per cent. Mathur said that the investment is "extremely differentiated, it is n

G20 mediators plan a dozen meetings to find common ground on war language

New Delhi is trying to find consensus ranging from the debt crisis and the African Union's membership to G-20 and reform of multilateral development banks

G20 Energy Transitions Working Group's fourth meeting begins in Goa

Nearly 100 delegates from G20 member countries, special invitees and several international organisations are participating in the fourth Energy Transitions Working Group (ETWG) meeting which began in Goa on Wednesday. There are six priority areas outlined under India's G20 Presidency, reflecting India's focus on various aspects of energy transition and building global cooperation toward sustainable and clean energy development, an official said. The two-day meeting, chaired by Pankaj Agarwal, the ETWG chair and secretary of the Union Ministry of Power, is being held at a hotel near Goa's capital Panaji. Ministry of New and Renewable Energy secretary Bhupinder Singh Bhalla, Ministry of Mines secretary Vivek Bharadwaj, Ministry of Coal secretary Amrit Lal Meena are also participating in the deliberations, the official said. The priority areas for discussions include energy transitions through addressing technology gaps, low-cost financing for energy transitions, energy security and .

G20 Energy Transitions Working Group meet to begin in Goa on Wednesday

Over 100 delegates from G20 countries will participate in the two-day Energy Transitions Working Group (ETWG) meeting beginning on Wednesday in Goa to deliberate on building global cooperation toward sustainable and clean energy development. The 4th ETWG meeting under India's G20 presidency will be chaired by Union Power Secretary Pawan Agarwal, a power ministry statement said. Union New & Renewable Energy Secretary Bhupinder Singh Bhalla, Union Mines Secretary Vivek Bharadwaj and Union Coal Secretary Amrit Lal Meena, will also be part of the meeting. There are six priority areas outlined under India's G20 presidency. These are -- energy transitions through addressing technology gaps; low-cost financing for energy transitions; energy security and diversified supply chains; energy efficiency, industrial low carbon transitions, and responsible consumption; fuels for Future (3F); and universal access to clean energy and just, affordable, and inclusive energy transition pathways. The

RBI puts up Innovation Pavilion at third meeting of G20 FMCBG meeting venue

The Reserve Bank has put up a stall at the venue of third meeting of G20 finance ministers and central bank governors (FMCBG) here, showcasing its recent innovation initiatives relating to pilot on Frictionless Credit' and Central Bank Digital Currency'. Set up at Mahatma Mandir Convention Centre, the Innovation Pavilion' also features an informative video explaining the various facets of these two initiatives. As part of the Frictionless Credit', an experience centre has been set up to give a real-life feel of the transformational Digital Kisan Credit Card (KCC) and Digital Dairy journey, RBI said in a statement. The digital KCC showcases how the digitized land record data can be used to sanction and disburse the loan in a completely digitized and paperless manner without the farmer having to visit the bank branch, it said. The digital journey includes opening of accounts through e- KYC, accessing digitized land records of State Government, credit bureau scores and other necessar

Treasury Secy Yellen hopes to build on US-China thaw at India G20 gathering

After Yellen held landmark talks in Beijing July 6-9, she's now in Gandhinagar, India, for a gathering of finance ministers and central bank governors from Group of 20 countries

Nations support India's efforts to have strong outcome at G20: Amitabh Kant

Top negotiators of G20 nations complimented New Delhi's efforts to deliver "strong outcomes" at the grouping's upcoming summit to deal with key global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India's G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas' meeting in this heritage city as a "very huge success" and that the negotiators were supportive of priorities of the Indian presidency of the G20. Talking to the media, Kant said the negotiators deliberated on challenges such as debt vulnerabilities, making multilateral institutions more responsive to the needs of developing countries and ensuring progress on the sustainable development goals. "India has put forward multiple key proposals in front of the G20 countries with a view to shaping the global agenda and response to the crisis and challenges being faced by the world," Kant said. The Indian G20 Sherpa said th

European development bank chief takes reform agenda to G20 talks in India

The President of the European Bank for Reconstruction and Development (EBRD), of which India is a shareholder, will arrive in India on Sunday for a G20 finance summit with the reform agenda for multilateral development banks (MDBs) high on the list of priorities. Odile Renaud-Basso, the first woman head of an MDB as EBRD president, will begin her four-day visit in Gandhinagar for the Finance Ministers and Central Bank Governors gathering. From Gujarat, she is scheduled for a high-level roundtable with the Confederation of Indian Industry (CII) in New Delhi to discuss opportunities for the Indian private sector in EBRD countries of operations in Central Asia, Middle East and North Africa (MENA), Turkey and Eastern Europe. The key discussion which is relevant for us is everything related to the MDB reform agenda, which is very prominent in the G20 discussion now, said Renaud-Basso during a pre-visit interview. India has a very important role to play as the president of the G20 at a t

Third finance track of G20 starts brainstorming on draft communique

In Gandhinagar, preparations were in full swing for the upcoming meeting of the finance ministers and central bank governors, scheduled for July 17-18

Hampi G20 sherpa meet to focus on digital public infra, green growth

The Sherpa track of discussions oversees 13 separate working groups on specific areas such as agriculture, tourism, development, education, corruption, and trade, among others

India committed to spotlight, concerns of developing nations: MoS

Union Minister V Muraleedharan on Tuesday shared India's commitment to spotlight the priorities, perspectives and concerns of the developing nations, including the Arab world, during its G20 Presidency. The minister of State for External Affairs said despite the challenging global context, trade between India and the Arab world has escalated, currently standing at over USD 240 billion. He emphasised the Arab world's significant contributions to India's energy and food security, providing approximately 60 per cent of India's crude oil imports and over 50 per cent of its fertiliser needs. Addressing the India Arab Partnership Conference organised by Ficci, the minister said shared cultural heritage through linkages of language, customs, and traditions continue to lend energy to the historical bond between India and the Arab nations. "The Arab world is indeed a part of India's extended neighbourhood. Our shared views on major international developments, strong economic and commercial

G20 meet in Indore from July 19; Bhupender Yadav reviews preparations

Union Labour and Employment Minister Bhupender Yadav on Sunday reviewed the preparations for a three-day meeting of the G20, which is slated to begin from July 19 in Madhya Pradesh's Indore. The fourth employment working group meeting will be held in the first two days, while a meeting of the labour and employment ministers of G20 countries will be held on the third day, officials said. Yadav instructed officials to showcase the historical, cultural heritage and wildlife of Madhya Pradesh to delegates during the G20 meeting here, they said. After the meeting, the minister also reached the city's famous 56 shops, a centre with eateries, and a hotel and took stock of the arrangements being made for G20 delegates. While addressing party workers later at the city BJP office, Yadav said, "I hope that the upcoming meeting of the G20 will see the same enthusiasm of people of the city as witnessed in the previous events of the Pravasi Bharatiya Sammelan and the agriculture working group of

G20 officials to meet at Kevadia for digitalisation of trade documents

Senior officials of G20 member countries will gather at Kevadia for three days from July 10 to build consensus on proposals, including digitalisation of trade documents, and an action plan to create meta information interface for MSMEs, an official statement said on Saturday. These proposals will be discussed at the third meeting of the Trade and Investment Working Group (TIWG). The meeting will be attended by more than 75 delegates from G20 member countries, invitee countries, regional groupings and international organisations. "The focus of the meeting would be to build consensus on accomplishing action-oriented proposals put forward by the Indian Presidency on global trade and investment-related issues, the commerce and industry ministry said. These proposals relate to developing high-level principles for digitalization of trade documents, action plan to create meta information interface for MSMEs, generic mapping framework for global value chains, G20 regulatory dialogue and ...

World Bank Prez Ajay Banga to travel to India next week to attend G20 meet

World Bank President Ajay Banga will travel to India next week to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad, Gujarat, according to the development lender. This would be Banga's first trip to India after he took over as the World Bank president last month. Gujarat is hosting four meetings of G20 in the first two weeks of July. These meetings will provide an opportunity for business representatives to share their perspectives, insights and policy recommendations on various economic and business-related topics and will play a very significant role in shaping global economic agendas and policies, according to officials.

G20 to rise above differences, address global challenges: Jitendra Singh

India on Wednesday asked the G20 countries to rise above differences and address the challenges confronting the world such as climate change, cyber security and water scarcity using their collective expertise. In his inaugural address at the G20 Science Ministers meeting here, Union Minister of State for Science and Technology Jitendra Singh said India recognises the significance of global collaboration and knowledge-sharing in addressing the complex challenges of today's times, and Prime Minister Narendra Modi has talked about this at every international forum. The minister called upon the G20 countries to leverage their collective wisdom, expertise and resources to foster a culture of innovation, promote sustainable development and ensure a prosperous future for all. The G20 countries should rise above differences and address the global challenges confronting the world in the spirit of one family, he said. This group has the potential to address major global challenges as it did

Gallery by Mario Miranda's kin threatens to sue Goa govt, G20 organisers

The kin of celebrated painter late Mario Miranda have threatened to sue the Goa government and the organisers of the G20 meetings in the coastal state for allegedly using his art works without taking permission, a senior official said on Sunday. The family of Miranda in 2011 set up Mario Gallery, which looks after his legacy in various ways like publishing books, organizing exhibitions, selling original paintings, authenticating pictures, giving permission for usage, taking legal action against violators, said its curator Gerard D'Cunha. "Mario Miranda's artwork was used during the G20 event without permission from the gallery. The organisers have used a Miranda painting on a tile, which is used inside a miniature window and it is being given as a gift to VIPs," he said. "In another violation, 16 life-size fibre glass statues were displayed in Old Goa and Dona Paula. These statues are copied from figurines developed by the late Miranda. Mario Gallery will issue a legal notice to sta

G20's halfway mark: Diplomats are pessimistic about a communique

More than six months into India's Presidency of the G20, most diplomats are pessimistic about a communique - the Delhi Declaration - emerging from the summit. ADITI PHADNIS writes

Third IWG meet ends as focus shifts to FinMin; governors' meet in July

The sessions were chaired by Australia and Brazil, with a presentation by the Asian Development Bank

G20 infra working group meet: Focus shifts to QII indicators on second day

The sessions were co-chaired by Brazil and Australia, with the World Bank also giving a presentation

Third G20 infra working group meet focuses on 'creating liveable cities'

A "high-level seminar on creating liveable cities", organised by the Indian presidency and Asian Infrastructure Investment Bank, complemented the meeting