G20 meet would help achieve objectives of Paris agreement

Guwahati: Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said that the G20 meeting would bring out ways to achieve sustainable goals, agenda and objectives of the Paris Agreement.

"Research suggests that billions and trillions of dollars need to be mobilised if we hope to achieve the 2030 Agenda for Sustainable Development as well as the goals of the Paris Agreement for climate action. Therefore, plugging this massive finance gap will require a coordinated effort between the public and private sectors and from the local to the global level," Sonowal said.

"I applaud the Sustainable Finance Working Group (SFWG) under the G20 Finance Track for steering timely conversations on scaling up sustainable finance and deepening our understanding of the mechanisms to maximise sustainable investing and how it can become common and not an exception among various stakeholders to address the rising financing gap, benefiting people and the planet," the minister added.

Sonowal also highlighted the SFWG's work under previous Presidencies and the need to scale up sustainable finance for sustainability and climate action.

"I am sure that our Presidency can steer the empowerment of international institutions that respond to the realities of the twenty-first century and direct global governance in the 'decade of action' to deliver the Sustainable Development Goals (SDGs). The social cost of not achieving the SDGs should urge us to join efforts and make use of synergies to reach a better world for current and future generations," the minister added.

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