G20 Summit

In News

• World leaders participated in the recently held G20 Summit in Rome, Italy.
  • During the summit, the leaders adopted the Rome Declaration and emphasised Covid-19 immunisation across the globe.

Highlights of the Summit 

• The 2021 G20 Rome summit was the sixteenth meeting of the Group of Twenty (G20).
• The world leaders had elaborate deliberations on issues of global importance like
  • fighting the pandemic, 
  • improving health infrastructure, 
  • boosting economic cooperation and 
  • furthering innovation.
• Adopted the ‘Rome Declaration’:
  • The Rome Declaration consists of 16 mutually agreed principles, which aims to guide joint action for preventing future health crises and to build a safer, equitable and sustainable world.
• On immunisation front: 
  • The countries agreed that the COVID-19 immunisation is a global public good.
  • Agreement on strengthening the World Health Organisation to fast-track the process for emergency use authorisation for Covid-19 vaccines.
  • To provide finances and technology for vaccine production at “mRNA Hubs” in South Africa, Brazil and Argentina.
  • Work towards monitoring and implementation of the multi-sectoral, evidence-based One Health approach 
• Green Energy: 
  • G-20 countries committed to ending international financing for all new coal plants by the end of 2021.
    • But made no mention of domestic commitments on ending coal power generation.
  • To mobilise more international public-private financing for “green” projects.
• Commitments of Paris Agreement:
  • India and many other developing countries pushed for safeguarding the interest of the developing world.
    • The developed world has acknowledged that they have not done enough in terms of meeting their commitments.
    • Further, they will work upon providing finance in providing technology.
    • Also, they will be the enablers to make the transition to a clean energy world in the future.
  • Countries would further work towards increasing the ambition from the current levels of commitment.

United Nations Framework Convention on Climate Change (UNFCCC) COP 26 

• It will be attended by 120 Heads of Government and Heads of State at the World Leaders’ Summit (WLS) at Glasgow.
• India is likely to address the COP26 summit with a national statement about India’s climate action plan.

Source: TH