India Highest Ranked G20 Nation On Climate Change Performance: RBI Chief
NDTV
"Climate proofing of our infrastructure has also been a priority, more so in view of the large investment in infrastructure in recent years," the governor said.
Reserve Bank of India Governor Shaktikanta has said India is the "highest-ranked G20 country according to the Climate Change Performance Index 2023" and is also the "5th best-performing country globally".
During the 17th K P Hormis Commemorative Lecture by the RBI Governor, Shaktikanta Das on Friday said, "Given that India is widely expected to remain as one of the fastest growing economies in the world, our energy demand could rise manifold. The challenge for us is twofold: one, to meet the projected increase in energy demand; and two, to rapidly transition from fossil fuel to renewables."
"Climate proofing of our infrastructure has also been a priority, more so in view of the large investment in infrastructure in recent years," the governor said. "Through global forums such as the Coalition for Disaster Resilient Infrastructure (CDRI)4, India is providing leadership to global efforts for addressing these challenges," the RBI governor said.
The Governor said the ongoing global crisis was both an opportunity and a major test for the G20 which represents 85 per cent of world GDP and 75 per cent of global trade. "Following the East Asian financial crisis of 1997, the G20 was founded in 1999 as a forum for the Finance Ministers and Central Bank Governors to discuss global issues and policy options," he added.
