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Great opportunity to look at sectors like green hydrogen: Amitabh Kant
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IANS | 15 Jan, 2023
G20 Sherpa Amitabh Kant on Friday said it is a great opportunity to look
at sunrise sectors like green hydrogen development and mobile phone
manufacturing with India holding the presidency of the G20 grouping.
"The stars are aligned in favour of India," he said while
referring to India's G20 presidency while delivering the third annual
lecture of Public Affairs Forum of India.
With the G20 summit
scheduled to take place in September in Delhi, Kant said India holds an
advantage in terms of demographics, digitalisation, decarbonisation and
deglobalisation to be a major power and become a voice of the Global
South.
Referring to the various crises being faced by the world
at a time when India has assumed presidency of G20, Kant said: "To my
mind, every crisis has a huge opportunity and G20 in the past has
demonstrated the ability to deliver in times of adversity."
"India's
focus would be on highlighting the need to address the climate crisis,
progress towards the Sustainable Development Goals, global debt,
geopolitical tensions and the ensuing food and energy crisis," he
pointed out.
Kant further said that there will be a renewed push
for green development and climate finance, with the concept of Lifestyle
for Environment (LiFE) woven in.
Referring to the climate
crisis, Kant said: "The promise of climate finance is not being lived up
to by the developed world. It is important to have the flow of
resources from multilateral institutions, besides the $100 billion
funding from the developed countries. Nudging them is a key part of the
government's agenda."
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