G20 Summit towards resolving the ongoing Russia-Ukraine conflict, said Vincent Magwenya, spokesperson for the South African president, in New Delhi on Saturday. Magwenya also highlighted strong commitments received by South Africa from developed nations regarding climate change efforts. Speaking at the sidelines of the G20 leaders summit at the capital, Magwenya said the wording of the New Delhi Leaders’ Declaration of G20 is still being worked on.
With the African Union joining the G20 under India's presidency, it faces several challenges, including financial inclusion and climate change funding. Magwenya emphasized the need for developed nations to fulfill their pledges in combating climate change. He stressed that climate change financing should be equitable, catering especially to the transitional needs of emerging economies aiming for a carbon-neutral stance.
Reflecting on the bilateral ties, Magwenya said, "The bond between India and South Africa, and by extension the African continent, is strengthening, signaling increased trade opportunities in the future." "Developed countries have to see through commitments they made in their fight against climate change," he said. “We are continuing to advocate so that these commitments see the light of the day." Magwenya said that the funding for climate change transactions need to be fairer, with financing made available for such transition, especially to developing and emerging economies, which will help them to move towards a carbon-free economy. "That process needs to be a lot fairer.
Read more on livemint.com