AKIPRESS.COM - In his remarks at the session on ‘Investing in a better Future: Climate, Energy, Health' at G7 Summit in Munich (Germany) on Monday, Indian Prime Minister Narendra Modi highlighted India's track record and said it has achieved the target of 40 per cent energy-capacity from non-fossil sources nine years before time, The Indian Express reported.

Asserting that India’s dedication to climate commitments is evident from its performance, Prime Minister Modi hoped that rich countries of G-7 will support India’s efforts in combating climate change and invited them to tap the huge market for clean energy technologies emerging in the country.

“The target of 10 per cent ethanol-blending in petrol has been achieved 5 months before time. India has the world’s first fully solar power operated airport. India’s huge railway system will become net zero in this decade,” he said.

“When a large country like India shows such ambition, other developing countries also get inspiration. We hope that the rich countries of G-7 will support India’s efforts. Today, a huge market for clean energy technologies is emerging in India,” the prime minister said. G-7 countries can invest in research, innovation, and manufacturing in this field, he said.

The scale that India can provide for every new technology can make that technology affordable for the whole world, he asserted. The core theories of the circular economy have been an integral part of Indian culture and lifestyle, Modi said.

“I called for a movement called LiFE – Lifestyle For Environment – in Glasgow last year. This year on World Environment Day, we launched the Global Initiative for LiFE campaign. The goal of this campaign is to encourage an eco-friendly lifestyle,” said Modi.

“We can call the followers of this movement Triple-P i.e. ‘pro planet people’, and we should all take the responsibility of increasing the number of Triple-P people in our own countries. This will be our greatest contribution to the coming generations,” he said.

"Next year, India is going to chair the G20. We will maintain close dialogue with G7-countries on other issues, including post-COVID recovery, under the G20 platform," Modi said.

US President Joe Biden and other G7 leaders have unveiled ambitious plans to mobilise $ 600 billion in funding by 2027 to deliver transparent and game-changing infrastructure projects in developing countries like India, in a move seen as an alternate to Belt and Road Initiative. President Biden said the plan would deliver returns for everyone.

“Collectively, we aim to mobilise nearly $ 600 billion from the G7 by 2027 to invest in critical infrastructure that improves lives and delivers real gains for all of our people,” Biden tweeted.

Modi, who is in Germany on a two-day visit from Sunday for the summit of the G7, was received by German Chancellor Olaf Scholz upon his arrival at Schloss Elmau, the picturesque venue of the summit in southern Germany. Modi is attending the G7 summit following an invitation by German Chancellor Scholz.

The Group of Seven (G7) is an inter-governmental political grouping consisting of Canada, France, Germany, Italy, Japan, the UK and the US.