India's G-20 presidency: Opportunity for developing world's climate agenda

Environmentalists see India's G-20 presidency as an opportunity for developing countries to mainstream climate change agenda, particularly climate financing, in view of the decision to establish a 'loss and damage' fund during COP 27 last year.

This is especially so, as three major developing countries including India and Indonesia are part of the grouping.

"The first major issue is loss and damage and the second one is how partnership for energy transition can be done", said Sanjay Vashist, director, Cansa, a coalition of over 300 civil society organisations working in eight south Asian countries.

"All countries are facing the developmental challenge and such loss and damage fund needs to be operationalised. One most important factor is the governance system of such a resource. Since G-20 countries contribute 85 per cent of the global GDP, they can build an understanding of how to replenish loss and damage," he said.

India assumed the presidency of the G20 on December 1, 2022.

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