New Delhi: The leaders of Major Economies Forum (MEF) acknowledged that climate change as one of the biggest challenges and echoed the need for jointly upscaling action.
The leaders also informed the forum about the steps being taken by different countries toward climate action that varied across sectors.
The meeting of leaders of Major Economies Forum on Energy and Climate Change, was held by the United States of America on Apri 20.
The meeting was chaired by US President Joe Biden and attended by Heads of State and Ministers from across the world.
The context for the meeting was set by the Executive Director of the International Energy Agency, Dr. Fatih Birol.
He stressed on the urgency for climate action to limit the rise in global temperature.
Birol also mentioned about the Prime Minister Narendra Modi’s global call for LiFE i.e. Lifestyle for Environment and highlighted its relevance.
Speaking at the event Union Environment, Forest & Climate Change Bhupender Yadav emphasized how India has been standing at the forefront of global efforts in combating climate change.
He highlighted the initiatives being taken in India to reduce greenhouse gas emissions from various sectors
Recognizing the importance of climate finance, he also supported the proposed efforts on strengthening the financial capacity of MDBs through balance sheet optimization and additional capital infusion.
The group represent 20 major economies of the world including Argentina, Australia, Brazil, Canada, China, Egypt, European Commission, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Saudi Arabia, Turkiye, United Arab Emirates, and the United Kingdom.