News: HIGHLIGHTS-UPDATE 1-G20 leaders agree declaration on first day of summit

(Adds more points from leaders' declaration)

Sept 9 (Reuters) - The G20 has adopted a consensus declaration on issues facing the bloc, Indian Prime Minister Narendra Modi announced on Saturday during a summit, signalling that negotiators had resolved deep differences over the wording on the war in Ukraine.

Following are excerpts from the declaration.

UKRAINE - Concerning war in Ukraine, all states must act in a manner consistent with purposes and principles of un charter in its entirety

- On war in Ukraine, all states must refrain from threat or use of force to seek territorial acquisition against territorial integrity and sovereignty or political independence of any state

- On war in Ukraine, use or threat of use of nuclear weapons is inadmissible

- On Ukraine crisis, "there were different views and assessments of the situation"

- Peaceful resolution of conflicts, and efforts to address crises as well as diplomacy and dialogue are critical

		- "Today’s era must not be of war." 
   
	 
	GRAIN/FOOD/ENERGY SECURITY 

- Call on Russia and Ukraine to ensure immediate and unimpeded deliveries of grain, foodstuffs, and fertilizers/inputs from Russia and Ukraine

- Emphasizing importance of sustaining food and energy security, called for cessation of military destruction or other attacks on relevant infrastructure

		 - Potential for high levels of volatility in food and 
energy markets remains 

ECONOMIES AND FINANCIAL MARKETS

		- "Will protect the vulnerable, through promoting 
equitable growth and enhancing macroeconomic and financial 

stability"

		- Reaffirm April 2021 exchange rate commitment made by 
our finance ministers and cenbank governors 

		- We endorse financial stability board’s high-level 
recommendations for regulation, supervision and oversight of 

crypto-assets, activities

		- our finance ministers, central bank governors will 
discuss taking forward the cryptocurrency roadmap at their 

meeting in October

CLIMATE CHANGE

		- Need to accelerate efforts to phasedown unabated coal 
power, in line with national circumstances 

		- Will work towards facilitating low-cost financing for 
developing countries to support their transition to low 

carbon/emissions

		- Will pursue and encourage efforts to triple renewable 
energy capacity globally through existing targets and policies, 

in line with national circumstances by 2030

		- Reiterate our commitment to take action to scale up 
sustainable finance 

		- Recognise need for increased global investments to 
meet our climate goals of the Paris agreement 

		- Note need of $5.8-5.9 trln in pre-2030 period required 
for developing countries, in particular for their needs to 

implement their emission targets