What is the G20?
The Group of Twenty (G20) is an organisation that works together on significant global economic concerns. There are 19 countries plus two groups called the European Union (EU) and the African Union (AU). Every year, one of the countries becomes the president. In 2023, India held the role.
Every year, the G20 summit also takes place. This year’s summit was held in New Delhi from 9th to 10th September 2023. "Vasudhaiva Kutumbakam," or "One Earth, One Family, One Future," was the theme of India's G20 presidency. The summit took place at Pragati Maidan, New Delhi.
What are some key takeaways from the G20 summit 2023?
At the summit, leaders had meaningful discussions and made some decisions. Here are some key points from the summit:
- The AU joined the G20 as a new member country to make the G20 more inclusive.
- PM Modi, along with leaders from Singapore, Bangladesh, Italy, the USA, Brazil, Argentina, Mauritius, and the United Arab Emirates (UAE), launched the Global Biofuel Alliance (GBA). The GBA aims to increase the use of sustainable biofuels.
- The USA, India, Saudi Arabia, and other countries discussed establishing rail and shipping corridors between the Middle East, South Asia, and Europe. This would help with various trades.
- The G20 leaders want to increase renewable energy capacity by 2030 and use less coal. But, they didn't change any existing policies to reach their renewable energy goals.
- The New Delhi Leaders’ Declaration was also adopted at the summit.
What is the New Delhi Leaders’ Declaration?
The declaration talks about fair growth and peace. It says no government should use force to take land from another country. It also says that terrorism is bad for world peace. All terrorist activities are unacceptable.
The declaration also talks about helping the disadvantaged. It mentions that the G20 countries want to encourage proper agriculture trade. They will also avoid imposing export restrictions.
The G20 countries also want to make global health better. They will work with development banks to make health systems stronger. These are some things the New Delhi Leaders’ Declaration talks about.
The meeting ended with India giving the leadership to Brazil. Brazil will be the leader starting on 1st December 2023.
