ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 10th August. Click Here for more information.
Source: The post is based on the article “At Delhi summit, demonstrate climate leadership” published in “The Hindu” on 29th August 2023.
Syllabus: GS2- International relations – Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests
News: This article stresses the G-20 nations must work together for clean energy and climate goals. They point out the important G-20 summit in New Delhi as a chance for leaders to commit to fighting climate change.
About G-20 countries energy shifts
G-20’s Shift: Members increased their renewable energy mix from 19% in 2010 to 29% in 2021.
India’s Progress: Became the third-largest renewable energy producer, aiming for 50% renewable energy by 2030.
Support for Green Steel: G-20 produces 90% of global steel, highlighting the importance of transitioning to low-carbon steel production.
Unified Action: The upcoming G-20 summit in New Delhi is a crucial platform for countries to further commit to clean energy and climate goals.
What is needed by G-20 countries to create a significant energy shift?
- Improving Energy Transitions in Governments
Set clear governance structures: Ensure processes are inclusive and results are equitable, avoiding siloed operations.
Emulate successful models: Take cues from South Africa’s just transition framework, which was spearheaded by the Presidential Climate Commission.
- The Importance of Decarbonization
Industrial shift: As G-20 countries are responsible for 90% of steel production, there’s an urgent need to transition to low-carbon steel.
Green financial support: Encourage financial institutions to support renewable projects and embrace low-carbon technologies. For example, Green Public Procurement could be beneficial in achieving this.
- The Need for Transparency in Energy Transitions
Accountability: G-20 countries should regularly disclose their progress on energy transitions to ensure they are on track.
Collaboration: Utilizing platforms such as the G-20 Energy Transitions and Sustainable Finance Working Groups, along with the Just Energy Transition Partnerships (JET-Ps), can assist countries in collaborating and exchanging best practices.
