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Tuesday, February 27, 2024

NITI Aayog Unveils ‘A Green and Sustainable Growth Agenda’ Report

In New Delhi, the G20 report “A Green and Sustainable Growth Agenda for the Global Economy” was introduced by Hon. Bhupender Yadav, the Minister of Environment, Forests & Climate Change, and the Ministry of Labour & Employment.

NITI Aayog, in collaboration with IDRC and GDN, published a report on the G20 conference’s proceedings, titled ‘A Green and Sustainable Growth Agenda for the Global Economy’.

He further stated, India aims to make climate action a collaborative process with deep emission cuts and scaled-up finance. It believes climate finance and technology are essential for sustainable and green growth in the Global South. The G20 New Delhi Leaders’ Declaration states that implementing the climate agenda requires several trillion dollars by 2030. At COP28, the PM emphasized the need for accessible and affordable climate finance to help combat climate change.

Addressing the gathering at the event, Amitabh Kant, India’s G20 Sherpa, stated, “Let me complement NITI Aayog for organizing the international G20 conference in July and now releasing its this publication. Since I actively participated in the July conference, several inputs shared by the experts were incorporated into the New Delhi Leaders’ Declaration.

The Declaration highlighted the urgency and importance of accelerating the pace of global growth, for which free trade is critical as it has lifted vast segments of the population above the poverty line. The World Trade Organization needs to be revitalized for this purpose.”

Commenting on the significance of the launch of the G20 report, Suman Bery, Vice Chairman, NITI Aayog, said, “I would say that today was both a closure, but also a fresh start with respect to what this means for NITI Aayog and India. This report is being released to enable the transfer of knowledge that came out of the G20 international conference organized by NITI in July to Brazil so that they can benefit from the ideas in the volume.”

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