G-20 Bali Summit ,November 15: Addressing the G20 summit in bali tuesday PMNarendra modi called for a ceasefire and diplomacy in the Russia-Ukraine war. He also spoke of the challenges presented by climate change, the Covid pandemic, and the importance of India being energy secure. “India’s energy security is important for global growth, as it is the world’s fastest-growing economy,” said PM Modi. “We must not promote any restrictions on the supply of energy and stability in the energy market should be ensured.” After the meeting in Indonesia, India will take over the Group of 20 presidency for one year.

In an address at the G-20 summit in Bali, Mr. Modi said the war in Ukraine, climate change and the COVID-19 pandemic have created a global crisis that is hurting the poor citizens of “every country”. Addressing the session on Food and Energy Security, Mr. Modi said the time is ripe for showing “collective resolve” to stop the war in Ukraine and return to the path of diplomacy. 

The Prime Minister said the poor do not have the financial capacity to deal with the "double whammy" "Due to the double whammy, they lack the financial capacity to handle it. We should also not hesitate to acknowledge that multilateral institutions such as the UN have been unsuccessful on these issues," he said.

"And we have all failed to make suitable reforms in them. Therefore, today the world has greater expectations from the G-20, the relevance of our group has become more significant," Mr. Modi added.

The session was also attended by world leaders like US President Joe Biden and Russian foreign minister Sergey Lavrov on behalf of President Vladimir Putin.

The prime minister's call for not putting any restrictions on energy supplies came amid the West's call against procurement of Russian oil and gas in view of Moscow's invasion of Ukraine.

He said India is committed to clean energy and the environment.

"By 2030, half of our electricity will be generated from renewable sources. Time-bound and affordable finance and sustainable supply of technology to developing countries is essential for inclusive energy transition," he added at the summit being held in this Indonesian city.

The prime minister said the need of the hour is to show "concrete and collective resolve" to ensure peace, harmony and security in the world.

"I am confident that next year when the G20 meets in the holy land of Buddha and Gandhi, we will all agree to convey a strong message of peace to the world," he said.

The G20 comprises 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the UK, the USA and the European Union (EU).