G20 Declaration stresses on sustainable supply chain energy transition

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semiconductors and technologies." Mint earlier reported that G20 summit may pass a marquee declaration to ensure energy and supply chain security including for critical minerals. The declaration also recognized the importance to accelerate the development, deployment and dissemination of technologies, and the adoption of policies, to transition towards low-emission energy systems, including by rapidly scaling up the deployment of clean power generation, including renewable energy, as well as energy efficiency measures, including accelerating efforts towards phasedown of unabated coal power, in line with national circumstances and recognizing the need for support towards just transitions.

It also recognized the the role of grid interconnections, resilient energy infrastructure and regional/cross-border power systems integration, where applicable in enhancing energy security, fostering economic growth and facilitating universal energy access for all. India has been a supporter of grid interconnections and through the International Solar Alliance (ISA) it has launched the One Sun One World One Grid (OSOWOG) initiative to connect natioal grid of countries across regions.

The focus on energy security gained momentum in the past one year amid the Russia-Ukraine conflict and several countries have been looking to diversifying their supply chains as the renewable energy supply chain and that of related components and technologies have been largely concentrated in China. Amid geopolitical concerns, more so post the Covid-19 pandemic impacting the supply scenario, countries are looking at newer supply sources.

Countries like India and the US are also looking at boosting their domestic manufacturing sectors. India is looking at