Priya Aditi
Saturday, PM Modi calls members of the G20 nations to advance a “sustainable, just, affordable, inclusive, and clean energy transition” while ensuring that developing nations are not left behind.
“The international community turns to this group to promote sustainable, equitable, affordable, inclusive, and clean energy transitions. In doing so, we must not abandon our siblings and sisters in the Global South. We must ensure that developing countries have access to low-cost financing, Prime Minister Modi said in a video message to the G20 Clean Energy Ministerial meeting, which is currently taking place in Goa.
“We must devise means of bridging technological gaps, promoting energy security, and diversifying supply channels. And we must enhance collaboration on ‘fuels for the future’,’ he added.
PM Modi also addressed India’s commitment to achieving its non-fossil energy objectives, as the world’s most populous and fastest-growing large economy.
“India has the world’s largest population and the fastest-growing economy. Nevertheless, we are advancing rapidly on our climate commitments. We met our non-fossil installed electric capacity goal nine years ahead of schedule. We now have a higher objective. We intend to reach a 50% non-fossil capacity installation rate by 2030. India is also a global leader in solar and wind energy, Prime Minister Modi stated in his address.
In addition, the prime minister invited members to join the “Green Grids Initiative – One Sun, One World, One Grid of the International Solar Alliance.”
“International grid interconnections can improve energy security.” We are encouraging this mutually advantageous cooperation with our neighbours in this region, and the results are promising. Realising the vision of interconnected green systems has the potential to be transformative. It will allow us all to meet our climate objectives, stimulate green investment, and create millions of green jobs, as stated by the Indian prime minister.
At the opening of the G20 energy ministers’ meeting, R. K. Singh, the Union minister for power and renewable energy, urged developed nations to assist developing nations with the transition.
“Affordable energy availability is fundamental to our policy. Singh stated that the developing world requires more funds for energy transition.
People who lack access to electricity are one of the greatest obstacles we face in providing them with affordable electricity.” The issue of supply chain disruption is another matter that requires our attention. The significance of low-cost financing for emergent and developing nations is essential for accelerating the energy transition. I would like to request that the industrialised world fund such initiatives. “We must cooperate, collaborate, and share green technology in order to achieve the global energy transition,” he added.
Goa will host the 4th G20 Energy Ministerial Meeting on July 22.
On Saturday, the G20 member nations and invited nations are anticipated to issue a joint communiqué outlining their commitments to achieving sustainable energy goals.
The meeting is an important forum where member nations address pressing energy issues, investigate innovative solutions, and work together to shape the global energy landscape.
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“It is a tremendous honour to host the fourth G20 Energy Ministerial Meeting in the dynamic state of Goa. Prior to the meeting, chief minister Pramod Sawant stated that “this event represents a rare opportunity for our country to demonstrate its commitment to advancing clean and sustainable energy solutions.”
