G20 Success: Focus of New Delhi declaration on achieving ESG goals

Published On: 13/05/2023

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The 2023 G20 Summit in New Delhi marked a signicant milestone in the global commitment to Environmental, Social, and Governance (ESG) goals. The New Delhi Declaration, emanating from the summit, encapsulates a unied The environmental commitments in the New Delhi Declaration are a response to the urgent need for progress on the United Nations Sustainable Development Goals (SDGs). The G20 leaders have resolved to pursue low greenhouse gas (GHG) and low-carbon emissions pathways, acknowledging the macroeconomic risks stemming from climate change. This commitment is underpinned by a comprehensive approach that includes designing a circular economy, implementing clean and sustainable energy transitions, and conserving ecosystems. The declaration also highlighted the importance of developing international collaborations for hydrogen research and technology, recognizing hydrogen as a key element in the transition to cleaner energy sources. Additionally, the inclusion of India’s LiFE (Lifestyle for Sustainable Development) strategy in the declaration highlights a grassroots approach to sustainability, encouraging individual and community participation in achieving environmental SDGs.