In a symbolic transfer of the G20 presidency, Prime Minister Narendra Modi handed over the reins to Brazilian President Luiz Inacio Lula da Silva. During this event, several key points were highlighted:

  1. PM Modi emphasized the positive efforts and vision of “One Earth, One Family, One Future” during the G20 meetings.
  2. Lula da Silva praised India for raising topics of interest to emerging economies and listed priorities such as social inclusion, the fight against hunger, energy transition, and sustainable development within the G20 agenda.
  3. The G20 Summit resulted in several significant outcomes, including a call to address the “global trust deficit,” the establishment of the Global Biofuel Alliance, and the launch of new connectivity networks involving the US, India, Saudi Arabia, and Gulf states.
  4. The G20 members unanimously adopted the Delhi Declaration, which urged nations to uphold territorial integrity, international humanitarian law, and the multilateral system to maintain peace and stability.
  5. China and Russia, despite their leaders’ absence at the Summit, expressed agreement with the Delhi Declaration. However, the declaration did not specifically condemn Russia for its actions in Ukraine, leading to criticism from Ukraine’s foreign ministry.
  6. The G20 pledged to work towards tripling global renewable energy capacity by 2030 and accelerating the reduction of coal power, though it did not commit to a complete phase-out of all polluting fossil fuels, including oil and gas.
  7. The bloc reaffirmed its commitment, made in Pittsburgh in 2009, to eliminate and rationalize inefficient fossil fuel subsidies.
  8. The African Union was welcomed as the new permanent member of the G20, contributing to a more inclusive global decision-making process and a changing world order.
  9. Ahead of the Summit sessions, delegates paid homage to Mahatma Gandhi at his memorial, Rajghat, in Delhi.
  10. Foreign Minister S Jaishankar and G20 Sherpa Amitabh Kant were scheduled to address the media after the conclusion of all planned discussions.

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