G20 NEW DELHI LEADERS’ SUMMIT DECLARATION

 G20 NEW DELHI LEADERS’ SUMMIT DECLARATION 

Significant Highlights of the New Delhi Declaration:

• Ukraine War:
  • All states are urged to adhere to the principles of the UN Charter, refrain from using force for territorial acquisition, and avoid using or threatening nuclear weapons.
  • Peaceful conflict resolution, diplomacy, and dialogue are emphasized.
• Grain/ Food / Energy Security:
  • Russia and Ukraine are called upon to ensure the uninterrupted delivery of grain, food, and fertilizers.
  • Maintaining food and energy security is stressed, with a warning about potential market volatility.
• Economies & Financial Markets:
  • Commitment to protect vulnerable populations through equitable economic growth and financial stability is reiterated.
  • There’s a mention of a previous exchange rate commitment and endorsement of recommendations for regulating crypto-assets.
  • Encouragement for fair competition and discouragement of protectionism is included.
• Climate Change:
  • The need to phase down coal power, support low-carbon transitions in developing countries, and triple global renewable energy capacity by 2030 is highlighted.
  • There’s also an emphasis on sustainable finance, carbon pricing, and achieving carbon neutrality.
  • Financial commitments for climate goals and a call to set a new collective climate finance goal in 2024 are mentioned.
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• Global Debt Vulnerabilities: 
  • Commitment to address debt vulnerabilities in developing countries 
  • A call for swift debt treatment for Ethiopia.
• Health: 
  • Commitment to strengthen global health architecture, enhance the resilience of health systems
  • Develop climate-resilient and low-carbon health systems in collaboration with multilateral banks.
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