Final ETWG Meeting Concludes Emphasising the Need for Collaborative Policy Actions
The discussions centered around critical challenges related to climate change, sustainability, energy security, equitable energy access and financing, in the context of global energy transitions.
July 21, 2023. By Anurima Mondal
The meeting emphasised the urgent need for feasible, collaborative, and accountable policy actions to accelerate global energy transitions while ensuring universal energy access and just, affordable, and inclusive energy transitions in line with achieving Sustainable Development Goals (SDGs).
As the meeting drew to a close, Power Secretary Pankaj Agarwal; Additional Secretary Ajay Tewari; and Joint Secretary Dinesh Jagdale addressed a press conference.
Expressing his gratitude to all participants, Agarwal informed that there has been significant convergence on hydrogen-related issues and that the working group has taken note of Green Hydrogen Innovation Centre proposed by India and the Global Biofuel Alliance which is proposed to be launched by India.
Affordable access to power and clean energy solutions was identified as a growing necessity, along with safeguarding the supply chains of critical materials to foster a more sustainable clean energy transition.
The Indian presidency-led Energy Transitions Working Group will feature the release of 13 global studies focusing on advancing energy transitions, providing valuable insights and guidance for collective efforts in achieving transition goals. Out of these, eight studies have already been released and the remaining five will be released.
The studies included topics such as low-cost finance for energy transition, renewable energy supply chain, the vulnerability of the supply chain of oil and gas energy sources, the role of transnational grid interconnections, doubling the pace of energy efficiency, the importance of biofuels in the energy mix, global best practices for just transition in the coal sector and the critical role of small and modular reactors in the energy transition.
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