Steps to help developing countries, climate stressed as summit closes
The Group of 20 Summit closed on Wednesday with leaders of the world's largest economies and international organizations committing to concrete action that can help revive a global economy battered by the pandemic, climate change and geopolitical tensions.
Indonesian President Joko Widodo, whose country held the presidency of the G20 this year, presented the G20 Bali Leaders' Declaration, which was adopted on the resort island of Bali.
In his closing speech, Widodo said Indonesia's presidency of the group produced concrete deliverables such as a list of cooperation projects that can help bring the work of the G20 closer to the people and ensure that all benefit. He also reiterated the G20 theme, "Recover together, recover stronger", in urging fellow leaders to press forward on these goals.
Widodo concluded the group's 17th summit by handing over the gavel symbolizing the G20 presidency to India's Prime Minister Narendra Modi.
In a news briefing after the two-day summit, Widodo listed the "concrete, tangible actions" that have been undertaken under Indonesia's stewardship of the group this year. These include the $1.4 billion Pandemic Fund that aims to help developing countries cope with future pandemics and other global health threats.
Widodo also cited the Just Energy Transition Partnership between Indonesia and the International Partners Group. With the United States and Japan as the program's joint leads, it also brings together the United Kingdom, Germany, France, the European Union, Canada, Italy, Norway, and Denmark.
Under the partnership, Indonesia will mobilize $20 billion over the next three to five years so that it can retire coal plants and accelerate its shift toward renewable energy sources.