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G20 countries reaches broad consensus on all six priorities set by India under its G20 presidency in ETWG 3rd meeting

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G20 countries have reached broad consensus on all six priorities set by India under its G20 presidency in the Energy Transmission Working Group’s (ETWG) 3rd meeting. Secretary of Power Ministry Alok Kumar has said that the modalities are being discussed and value additions are being done in draft ministerial communique by the member countries.

He was addressing a press conference after the 1st day’s deliberations of 3rd meeting of the Energy Transition Working Group in Mumbai. The ETWG 3rd Meeting is chaired by Alok Kumar. On the first day, detailed discussions are being held on the draft Ministerial Communique.

The six priority areas India has finalized are Energy transition through addressing technology gaps, Low cost financing for energy transition, Energy Security and diversified supply chains, Energy efficiency, industrial low carbon transitions and responsible consumption, Fuel for Future and Universal access to clean energy & just affordable & inclusive transition pathway.

Mr. Kumar reiterated that India has set a target to achieve 50 percent of energy requirements from Renewable Energy by 2030. He also informed that By 2030 India’s nuclear power capacity is expected to reach 14 to 15,000 Megawatt.

In the Special Address on the opening day Minister of State for Railways, Coal and Mines Raosaheb Danve, stressed upon the need to give preference to the development and adoption of sustainable energy sources. He also stressed upon policies that promote conservation and reduce carbon emissions. He said, G20 nations hold a unique responsibility to lead the way towards a sustainable future.

In sideline events discussions were held on transition from coal to other renewable energy sources, biofuels and mobilising low cost finance for emerging technologies in power sector. The discussions and progress on the draft Ministerial Communique will be taken forward on the second day of the Meeting. T

he ETWG 3rd meeting will concludes on May 17. It is expected that agreement and understanding among member countries will help in advancing the cause of global cooperation in clean energy transition.

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