The African Union as a full member of the Group of Twenty (G20) and the approval of the Delhi Declaration stood out today in a busy first day of the bloc's Summit in the Indian capital.
New Delhi.- At the One Land and One Family sessions, Indian Prime Minister Narendra Modi launched the Global Biofuels Alliance, a joint initiative with Argentina, Bangladesh, Brazil, Italy, Mauritius, South Africa, the United Arab Emirates, and the United States.
The project’s objective, according to the promoters, is to ensure affordable supply and stable production of products derived from organic sources.
Modi invited the G20 nations to join the initiative, which has Canada and Singapore as observer countries, to seek actions that guarantee a stable energy supply and at the same time contribute to climate security.
The head of state of India also proposed the G20 satellite mission for observing the environment and climate and urged leaders to start working on the green credit initiative, related to financing the energy transition in confronting climate change.
He recalled the commitment made this year by developed countries to provide 100 billion dollars for climate financing.
In a collateral meeting, the Indian prime minister also presented the India-Middle East-Europe Economic Corridor, which he predicted would be an effective means for economic integration between the South Asian nation and the two regions with an impact on the sustainable development of the entire world.
It will include a rail and maritime transit network and road transport routes, it was reported.
He also unveiled the Global Infrastructure and Investment Partnership, a mechanism that will play a key role in benefiting that sector in developing countries, as well as helping to accelerate progress towards the Sustainable Development Goals globally. (PL)
