New Delhi, Aug 31 (IANS): Union Environment Minister Bhupendra Yadav said that there was an urgent need to mobilise resources to stimulate the economy in a manner that makes it more resilient and sustainable.

Addressing the opening ceremony of the G20 Environmental & Climate ministerial meeting in Bali, the Minister said that the world is going through multiple crises, with rising energy bills, food insecurity, and a pandemic that continues to push back years of progress in sustainable development.

He said that there is an urgent need to mobilise resources to stimulate the economy in a manner that makes it more resilient and sustainable.

"But the current pace and scale of climate finance from developed countries is not matching the global aspiration to combat climate change.

"India, under Prime Minister Narendra Modi is committed to driving its low carbon industry transitions through a multi-pronged approach cutting across sectors. The low carbon growth strategy as enunciated in 'Panchamrit' is a reflection of our commitment to sustainable development," he added.