PM Modi calls for global effort on climate change, green finance at G20 Summit
Narendra Modi on Saturday emphasised the pressing need for global cooperation to combat climate change and fund the transition to sustainable energy systems. Speaking at the G20 Leaders' Summit's first session, Modi underscored the monumental financial requirements for an inclusive energy transition in the 21st century world to tackle climate change.
«Keeping in mind the challenge of climate change, energy transition is a significant need of the 21st century world.
Trillions of dollars are required for an inclusive energy transition. Naturally, developed countries play a very crucial role in this,» he said.
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Prime Minister Modi commended the developed countries for their willingness to fulfil their commitment of $100 billion for climate finance for the first time.
At the Copenhagen UN climate talks in 2009, developed countries had committed to providing USD 100 billion per year by 2020 to support developing countries in combating climate change.
