Energy transition is central to the G20 agenda, and during India’s G20 Presidency, the geopolitics and governance of energy have become immensely challenging. What this means is that new technologies, financing and business models are needed for transitions – new tracks for new trains. Financial centres of G20 countries and their significant business communities, like Mumbai, have a critical role to play in creating this new economy.

The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.