G20 Preview: Will the energy transition accelerate?

Policy moves will take centre stage at the 18th G20 Summit in New Delhi this weekend (September 9-10) as the world waits to see if there can be more action on scaling renewables and hydrogen.

While discussions at the G20 Energy Ministerial in Chennai at the end of July considered the energy transition and aligning current pathways with the Paris Goals, the outcome did not provide “a sufficiently clear signal” for phasing out fossil fuels. The Delhi Summit will be another opportunity for leaders to grasp the nettle ahead of COP28 in the UAE at the end of November.

Shri Pankaj Agarwal, Secretary, Ministry of Power, Government of India, said there has been significant convergence on hydrogen-related issues and that the working group has taken note of proposals such as the Green Hydrogen Innovation Centre and the Global Biofuel Alliance.

He said, “There has been substantive meeting of minds on low-cost financing for energy transition. The Working Group has taken note of the voluntary action plan proposed by India for doubling of pace of energy efficiency by the year 2030.”

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