With only seven years left to achieve Agenda 2030, and the need to fill in the vast SDG financing gap of $3.9 trillion annually for developing countries, India has taken up mobilisation of climate finance, enabling financing of other SDGs and capacity-building as priorities of the G20 SFWG.
The two-day meeting witnessed proactive engagement from over 80 delegates from G20 member countries, invitee countries, and international organisations, including the World Bank, New Development Bank, and NGFS, among others.
The key highlight of the 4th SFWG meeting will be reflections and sharing of experiences by G20 members on the progress made in the implementation of the G20 Sustainable Finance Roadmap
Nearly 100 delegates from G20 member countries, 11 invitee countries and 15 international organisations participated in the event. A draft deliverables document was shared with the members, discussing priority areas including mechanisms for mobilisation of timely and adequate resources for climate finance; policy measures and financial instruments for catalysing the rapid development and deployment of green and low carbon technologies.