WEF President Borge Brende says India's G20 presidency could turn spotlight on climate

Calling for "win-win thinking" amid increased polarisation and fragmentation globally, World Economic Forum (WEF) President Borge Brende has said that hopefully, India's G20 Presidency will help get leaders to discuss collaborating on fighting climate change and rules around new technologies. WEF, headquartered in Geneva, is an international organisation for public-private cooperation and has collaborations with India.

In an interview with PTI in the national capital, Brende sounded "cautiously optimistic" about finding and developing a floor when it comes to an agreement between the big countries and the world on traffic rules and collaboration. "We will have some derisking, friend shoring, and nearshoring not just in time but also when it comes to global value chains. I hope that 90% of the trade we have today will also continue in the future," he said. India is holding the G20 Presidency this year and also at a time when geopolitical tensions, including the Russia-Ukraine conflict, and economic uncertainties are on the rise.

To a query on India's role, especially with the G20 Presidency, on the geopolitical front, Brende said there will be a new order with multiple drivers and a multi-polar world.