The 2nd Energy Transitions Working Group Meeting (ETWG) under India’s G20 Presidency concluded successfully in Gandhinagar, on Apr. 3, 2023. The two-day meeting witnessed participation of over 100 delegates from G20 member countries, 10 special invitee countries and 14 international organisations.
The meeting was chaired by Alok Kumar, ETWG Chair and Secretary, Ministry of Power, Govt. of India. Bhupinder Singh Bhalla, Secretary, Ministry of New and Renewable Energy; Vivek Bharadwaj, Secretary, Ministry of Mines; and Amrit Lal Meena, Secretary, Ministry of Coal, were also part of the meeting and deliberations.
The proposed formation of Global Biofuels Alliance received wide-ranging support from member countries. The other key point of discussion was low-cost financing for energy transition, where member countries discussed about important role of international financial structure including raising the ambitions of multilateral financial institutions and the importance of coordinating actions with Sustainable Finance Working Group, initiated under India’s G20 Presidency.
Member countries also reaffirmed their commitment to energy transition through addressing technology gaps, and there was broad consensus amongst members to align with other global organisations such as Clean Energy Ministerial (CEM), Mission Innovation (MI) and RD20 to achieve tangible outcomes. Protecting intellectual property rights in the context of technology transfer was also emphasized. It was also agreed to continue with a focus on deployment of clean mature technologies such as Solar PV and Offshore Wind.
