Finance
Prime Minister Shri Narendra Modi today participated in the Outreach Session of the G7 Summit in Kananaskis. He addressed a Session on ‘Energy Security: diversification, technology and infrastructure to ensure access and affordability in a changing world’. He thanked the Prime Minister of Canada H.E. Mr. Mark Carney for his invitation and congratulated the G7 on marking 50 years of its journey.
In his address, Prime Minister highlighted that energy security was among the leading challenges facing future generations. While elaborating on India’s commitment to inclusive growth, he noted that availability, accessibility, affordability and acceptability were the principles that underpinned India’s approach to energy security. He further emphasised that even though India is the fastest growing major economy in the world, it has successfully met its Paris commitments ahead of time. Highlighting India’s commitment to a sustainable and green future, he underscored that India has undertaken several global initiatives such as the International Solar Alliance, Coalition for Disaster Resilient Infrastructure, Global Biofuels Alliance, Mission LiFE and One Sun- One World- One Grid, and called upon the international community to further strengthen them.
Prime Minister expressed that uncertainty and conflicts in various parts of the world have had a debilitating impact on the countries of the Global South, and India took it as its responsibility to make the voice of the Global South heard at the world stage. He underlined that it was important for the world to understand the priorities and concerns of the Global South if the international community was serious about a sustainable future. Emphasising on security challenges, he called upon countries to strengthen the global fight against terrorism. Thanking the global community for their strong support to India in its fight against terrorism, he expressed that the Pahalgam terror attack was not just an assault on India but on the entire humanity. He called for strict action against countries who support and promote terrorism. He further noted that there should be no double standards in dealing with terrorism and those who support terrorism should never be rewarded.Calling terrorism a grave threat to humanity, Prime Minister put forth pressing questions for the international community to ponder over :
-will countries understand the grave threat posed by terrorism only when they become a target ?
-how can perpetrators of terror and its victims be equated ?
-will global institutions be mute spectators to terrorism ?
Prime Minister also spoke on the nexus between technology, AI and energy. Noting that while AI has become a critical tool to promote efficiency and innovation, the technology itself was energy intensive, and it was important to strategize how to make it sustainable through clean and green initiatives. Elaborating on India’s human-centric approach to promoting technology, he noted that any technology to be effective must bring value to the lives of common people. He suggested that addressing AI related global governance issues was key to tackling the concerns of AI and to promoting innovation in the field. He underlined that in the age of AI it was important to have secured and resilient supply chains of critical minerals. Prime Minister further stated that quality and diverse data, which abounds in India, is critical for responsible AI.
Prime Minister emphasised that a technology-led world calls for closer cooperation among countries for realising a sustainable future, and to achieve it, people and planet must be kept at the centre of progress. Address of PM in the Session may be seen here [Link]
Source: PIB
