During its G20 presidency this year, India hopes to contribute to the establishment of a global framework for cooperation in the energy transition, according to Abhay Bakre, director general of the Bureau of Energy Efficiency (BEE). "India will advance the agendas that will have a good impact on the energy transition and establish a global framework for cooperation, "In an interview, he stated. "India is aiming to hold discussions on a number of agenda items, including technology transfer and fuel for the future, often known as green fuel, which includes green hydrogen and biofuels." In order to capture newer and more environmentally friendly sources of energy, Bakre emphasised that new technologies would also be required.
He said technology transfer is a major way to accelerate the adoption of green energy sources and energy transition. “Countries can also collaborate for research to check the effectiveness of existing technologies," he said. On 27 December, 2022 that India is planning to push for a waiver of intellectual property rights (IPR) for technologies related to green energy and energy transition in a bid to bridge the technology gap among G20 countries.Technology sharing is among the top demands of developing countries,
along with the longstanding requirement for funds to achieve the required transition to zero-covid in these countries. Bakre said financing would play a major role in enabling replication of successful instances of energy transition across the globe, and this would be a key subject of discussion during India’s presidency of the G20. He also said that apart from energy transition, energy access would also be discussed and India would be ready to offer its knowledge and expertise in grids and micro grids. India is already working on the ambitious ‘One Sun One World One Grid’ initiative under the International Solar Alliance (ISA) to connect the Indian grid with those of West Asia, South Asia and Southeast Asia to form a common grid.
“ISA can help provide universal access to power across nearly every corner of the world. Further, India can help replicate its model of providing electricity across the country in other nations," Bakre said. The BEE DG noted that energy efficiency will be another key point India will like to focus during its G20 meetings as it would help achieving climate targets and also reduce wastage of energy.
In its focus on R&D, India would push for collaboration in green hydrogen, electrolyzers and carbon capture, among others.With multi-level meetings scheduled this year across several cities, green energy would be a major focus and India would try to stress on efforts to make technology affordable for all countries in the grouping.
On 3 November, 2022, Mint reported that the G20 summit to be held in September 2023, is expected to pass a marquee declaration to ensure energy and supply chain security. The G20 group of countries including the US, the UK, China, France, Germany and Saudi Arabia account for 85% of the global gross domestic product, three-fourths of global trade and two-thirds of the world population.
The focus on energy transition occurs against a backdrop of nations switching to green energy amid serious supply problems caused by the conflict between Russia and Ukraine. India has likewise established aggressive climate goals for itself and plans to develop 500 GW of renewable energy capacity by 2030, with the goal of achieving net zero carbon emissions by 2070.
