Energy transition by filling up technological gaps, affordable finance for energy transition, energy security and diversified supply chains, energy efficiency, and other topics will be taken up during the first meet
The first G20 Energy Transition Working Group (ETWG) meeting under India’s presidency will be organised in Bengaluru from February 5-7 wherein nine special invitee nations including Spain, the Netherlands and Singapore will take part.
The meeting will have over 150 participants including G20 member countries, nine special invitee guest nations – Bangladesh, Egypt, Mauritius, the Netherlands, Nigeria, Oman, Singapore, the UAE and Spain, a power ministry statement said.
In addition, international organizations such as the World Bank, Asian Development Bank, United Nations Development Programme (UNDP), International Energy Agency (IEA), Clean Energy Ministerial (CEM), United Nations Environment Programme (UNEP), International Solar Alliance (ISA), among others will be part of the meeting. Senior government officials from the ministries concerned will also participate in the ETWG meeting.
Karnataka is extending support and coordination for the meeting. The first ETWG meeting will focus on six priority areas.
These include energy transition through addressing technology gaps; low-cost financing for energy transition; energy security and diversified supply chains; energy efficiency, industrial low carbon transitions and responsible consumption; Fuels for Future (3F) and universal access to clean energy and just, affordable, and inclusive energy transition pathway.
On the sidelines, the ETWG meeting will be complemented by a high-level international seminar on ‘Carbon Capture, Utilization and Storage (CCUS).
The seminar will focus on highlighting the importance of carbon capture, utilization, and storage, considered vital for achieving net-zero targets.
The event will deliberate upon the challenging aspects of the clean energy transition and the role of CCUS in addressing them while examining various technological aspects of the value chain, from capturing to storage and utilization pathways. This event will enable sharing of knowledge from successful initiatives that can be replicated across emerging economies.
As part of the first ETWG meeting, delegates will also visit Infosys Green Building Campus and Pavagada Solar Park to see first-hand India’s push towards renewable energy sector and efforts to mitigate climate change.
Ministry of Power is the nodal ministry for ETWG and will lead the discussions and negotiations on focused priority areas. Under India's G20 presidency, four ETWG meetings, various side events and a ministerial meeting have been planned.
India’s G20 presidency will build upon the efforts and outcomes of previous presidencies, which have successfully advanced the cause of global cooperation in clean energy transition and have made it central to the agenda of sustainable economic development.