The G20 Energy Transition Working Group Committee has broadly agreed on ‘universal access’ to modern and sustainable energy and its priority in energy transition, which is being seen as a major potential success area under India’s presidency, power secretary Alok Kumar told ET.
While solar energy was initially favoured as the most important, other options such as small hydel and wind also have come up now.
“India is representing the voice of global south and our priority is that energy transition is done in a manner that we fulfil energy requirement, ensure energy security, and nobody is left behind,” Kumar said on the sidelines of the third leg of the group’s meeting.
The deliberations of the working group are around six priority areas – technological gap for energy transition, mobilising low-cost financing, energy security and diversified supply chains, fuel for future, energy efficiency measures and just energy transition.
The members agreed to promote fuels of the future – including green and near-clean hydrogen and biofuels, he said.
Technologies such as carbon capture and utilisation, high-efficiency fuel cells and electrolysers, modular reactors and alternative chemistry for batteries have also been agreed upon, he said.
Deliberations on low-cost financing will be discussed during meetings that are being planned before the fourth and final leg, he added.
“We are negotiating with developed countries with regard to what they had promised at the time of the Paris Agreement – that they need to give more concessional funding, long-term low interest funding to developing countries for deployment of clean energy tech,” he said.
Discussions are on over energy transition and climate change in the preamble of joint communique.
The definition for green hydrogen has not been decided yet, but there is consensus over need for international standards. The details need to be discussed further, Kumar said.
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