Courtesy: Arindam Bagchi / Twitter
The G20 Foreign Ministers Meeting on March 1-2 concluded without a joint statement, much like the finance ministers meeting which preceded it. Nevertheless, the platform has made some progress. To maintain it, Indian diplomacy must now move into overdrive in the run-up to the Leaders’ Summit later this year.
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Courtesy: CNBC-TV18
Gateway House’s G20 Task Force Report on Energy Transitions and Climate Finance analyses the geopolitical and geoeconomic challenges, and proposes recommendations, for green transition among the G20 countries. Task Force co-chair Nadir Godrej, Chairman and Managing Director, Godrej Industries, and Amit Bhandari, Senior Fellow, Energy, Connectivity and Investment, Gateway House discuss the report’s recommendations on climate finance, green transition, affordable access, and energy security on CNBC-TV18 with Parikshit Luthra.
Courtesy: Gateway House
Significant progress has been made globally in adopting green energy. Technological advances, easier availability of capital and regulatory measures have helped. But progress is likely to slow due to the shocks caused by Covid-19 and the Ukraine crisis. How to continue the green transition whilst ensuring that lower-income countries have access to affordable energy? This Task Force offers recommendations for India’s G20 Presidency.
Courtesy: Reuters
The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.
Courtesy: Reuters
On Dec 1, India will take over the Presidency of the G20, the premier global forum for dialogue and cooperation on global economics and financial issues. This is a unique grouping, where developing and developed countries come together with equal status. Understanding its mission, past trajectory, institutional mechanisms, work methods, and the multiplicity of challenges it addresses, is critical today and requires a serious examination.
Courtesy: Reuters/Amer Hussain
India's G20 Presidency in 2023 will be the time of the global stocktake on climate change negotiations under the 2015 Paris Agreement and the upcoming COP28. It's an opportunity for the G20 troika of Indonesia, India and Brazil to move the needle on the key challenge of climate financing and turn the G-20 away from hegemonistic power control to being a global support mechanism.
Courtesy: Reuters
Brazil will head to the polls in a runoff this month to choose its next president. Will it be incumbent Jair Bolsonaro, or former president Lula da Silva? Both are popular with their voter bases, but both have hurdles to overcome, most notably the economy, and have differences on their global political alignment – particularly important as Brazil will be the G20 President in 2024.
Courtesy: Justin Lane/European Pressphoto Agency
The BRICS have largely abstained from the UNSC resolution condemning Russia’s attempts to annex four Ukrainian provinces. Is it BRICS solidarity or is it because the interests of the Global North and its allies, and those of the Global South, are diverging?
Courtesy: Shutterstock//Creativa Images
Indonesia has managed its G20 Presidency year by understanding the importance of not going it alone. This trading nation has used its deep regional and multilateral cooperative processes which provided trusted back-up and support at every step, and was book-ended by strong linkages and investment partnerships with Japan and Australia. In this, it has laid the groundwork for India’s 2023 presidency.
Courtesy: Narendra Modi/Facebook
India will be president of the G20 in 2023. The world’s most influential economic governance body is facing an existential crisis, where the major powers have fallen out. With geopolitical currents redefining geo-economics, India needs to be ready to emerge as the chief global diplomat.