11 Sep G20 New Delhi Leaders’ Summit Declaration
This article covers “Daily Current Affairs” and the topic details “G20 New Delhi Leaders’ Summit Declaration”. This topic has relevance in the “International Relations” section of the UPSC CSE exam.
What is G20?
What is G20 New Delhi Declaration?
GS2: International Relations
Why in the news?
The G20 New Delhi Leaders’ Summit Declaration marked a significant achievement as G20 members reached a unanimous consensus during the opening day of the Summit on 9th September 2023.
About G20 Leaders’ Summit Declaration:
- The G20 Leaders’ Summit Declaration, held in New Delhi under the theme ‘Vasudhaiva Kutumbakam,’ emphasises the unity of humanity and our shared responsibility for the planet’s future.
- It recognises the world’s challenges, including economic headwinds, environmental threats, rising inequalities, and the disproportionate impact on vulnerable groups.
- It aims to empower countries to address global challenges in a human-centric manner, fostering prosperity and well-being for all.
Significant Highlights of the New Delhi Declaration:
- Ukraine War:
- All states are urged to adhere to the principles of the UN Charter, refrain from using force for territorial acquisition, and avoid using or threatening nuclear weapons.
- Peaceful conflict resolution, diplomacy, and dialogue are emphasised.
- Grain/ Food / Energy Security:
- Russia and Ukraine are called upon to ensure the uninterrupted delivery of grain, food, and fertilisers.
- Maintaining food and energy security is stressed, with a warning about potential market volatility.
- Economies & Financial Markets:
- Commitment to protect vulnerable populations through equitable economic growth and financial stability is reiterated.
- There’s a mention of a previous exchange rate commitment and endorsement of recommendations for regulating crypto-assets.
- Encouragement for fair competition and discouragement of protectionism is included.
- Climate Change:
- The need to phase down coal power, support low-carbon transitions in developing countries, and triple global renewable energy capacity by 2030 is highlighted.
- There’s also an emphasis on sustainable finance, carbon pricing, and achieving carbon neutrality.
- Financial commitments for climate goals and a call to set a new collective climate finance goal in 2024 are mentioned.
- Global Debt Vulnerabilities:
- Commitment to address debt vulnerabilities in developing countries
- A call for swift debt treatment for Ethiopia.
- Commitment to strengthen global health architecture, enhance the resilience of health systems
- Develop climate-resilient and low-carbon health systems in collaboration with multilateral banks.
The declaration symbolises G20 member nations’ commitment to a more inclusive, sustainable, and harmonious world, reinforcing the G20’s role as a vital platform for global collaboration and action. It also boosts India’s leadership in the Global South by welcoming the African Union as a permanent member. In essence, it reaffirms the G20 nations’ dedication to collaborative endeavours for a better and more prosperous global future.
Q1. With reference to the New Delhi Declaration, consider the following statements:
- The theme of the New Delhi Declaration was Vasushaiva Kutumbakam.
- The declaration does not specifically mention the Ukraine War and its global impact.
Which of the statements given above is/are correct?
(a) 1 only
(b) 2 only
(c) Both 1 and 2
Q2. Consider the following:
- The New Delhi Declaration calls upon Russia and Ukraine to ensure the uninterrupted delivery of grain, food, and fertilisers.
- The declaration also calls for UN Security Council reforms, along with reforms in multilateral developmental banks.
- The African Union’s permanent membership in the G20 is confirmed in the Declaration.
How many of the abovementioned statements are correct?
(a) Only one
(b) Only two
(c) All three
Q3. Discuss the key objectives and commitments outlined in the G20 New Delhi Declaration 2023. How does this declaration address critical global challenges