No joint communique after G20 energy transition meet; outcome document stresses on use of low emission tech
New Delhi: The G20 Energy Transition ministerial meeting has ended without a joint communique. An outcome document and chair’s summary were released, highlighting the significance of adopting biofuels and hydrogen generated using zero or low-emission technologies.
Despite the lack of consensus among members regarding the terminology of 'green' or 'clean' hydrogen, the final document stated: "Our goal is to expedite the production and use of hydrogen generated from zero and low-emission technologies, as well as the establishment of resilient and transparent global markets for these and their derivatives such as ammonia. We aim to achieve this through developing mutually agreed and voluntary standardization, alongside universally accepted and compatible certification schemes." "We acknowledge the necessity of exploring, diversifying, adopting, and promoting sustainable biofuels and hydrogen, generated from zero and low emission technologies, and their derivatives like ammonia.
These play a crucial role in energy transitions, enhancing energy security, and addressing greenhouse gas emissions," the document read. It went on to highlight that members urged for a faster voluntary transfer on mutually agreed terms and the joint development and acceptance of clean, sustainable, and low-carbon energy technologies.
These are generally capital-intensive and require low-cost financing from various sources. The document outlined that the G20 is committed to enabling access to affordable finance for both existing and innovative clean and sustainable energy technologies, as a support to energy transitions.
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