India will host G20 Summit in 2023

Sources in the know told PTI that New Delhi was looking forward to hosting the summit after Italy and Indonesia.

"We thank Saudi Arabia for hosting a successful Riyadh Summit and its contribution to the G20 process. We look forward to our next meetings in Italy in 2021, Indonesia in 2022, India in 2023, and Brazil in 2024," read the declaration.

Founded in 1999, G20, is an international forum for the governments and central bank governors from 19 countries and the European Union (EU).

The countries which are a part of the G20 are Argentina, Australia, Brazil, Canada, China, the EU, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States.

This year, the raging coronavirus pandemic cast a shadow on the G20 Summit — the event was held mostly virtually. The health crisis also remained the prime focus.

The leaders claimed they were taking all necessary steps to mitigate the impact of the virus.

"We are committed to leading the world in shaping a strong, sustainable, balanced and inclusive post-COVID-19 era," their declaration read.

In his address, Prime Minister Narendra Modi spoke about the measures India has taken, with respect to climate change. He claimed the nation has exceeded the Paris Agreement targets.

"We have made LED lights popular. This saves 38 million tons of Carbon dioxide emissions per year. Smoke-free kitchens have been provided to over 80 million households through our Ujjwala Scheme," he added.

Further, he also boasted how India is investing in next-generation infrastructure, like metros. These modes are not only efficient but also contribute toward a cleaner environment.

"We will meet our goal of 175 Giga Watts of renewable energy well before the target of 2022. Now, we are taking a big step ahead by seeking to achieve 450 Giga Watts by 2030," PM Modi added.