G20 countries have pledged to work towards tripling global renewable energy capacity by 2030 and focus on technological advancements to transition towards low-emission energy sources, according to the New Delhi declaration. India, in particular, stands to benefit from this commitment as it aligns with the nation's ambitious renewable energy goals. India has set a target to add 500 GW of non-fossil fuel-based energy by 2030. The declaration faced opposition from certain countries, including Saudi Arabia, China, Russia, and South Africa, during the energy transition ministerial meeting in July but was eventually included in the chair's summary.

While the phasedown of unabated fossil fuel usage did not make it into the declaration due to opposition from developing countries, the phasedown of unabated coal power was accepted with India as the sole opposing nation.

In addition to the renewable energy commitment, the declaration also includes provisions for low-cost financing for energy transition technologies, the development of global markets for 'zero and low carbon' hydrogen, and the affirmation of the 'G20 High Level Voluntary Principles on Hydrogen.' It recognizes the importance of supporting developing countries in their transition to low carbon or low emissions and aims to facilitate concessional financing for these nations.

India's initiatives, such as the Green Hydrogen Innovation Centre under the International Solar Alliance and the role of grid interconnections and cross-border power systems integration, were acknowledged and recognized within the declaration. The G20 emphasized the need for uninterrupted energy flows from various sources and suppliers while exploring ways to enhance energy security and market stability in line with sustainable development and climate goals.