Gateway House’s G20 Task Force Report on Energy Transitions and Climate Finance analyses the geopolitical and geoeconomic challenges, and proposes recommendations, for green transition among the G20 countries. Task Force co-chair Nadir Godrej, Chairman and Managing Director, Godrej Industries, and Amit Bhandari, Senior Fellow, Energy, Connectivity and Investment, Gateway House discuss the report’s recommendations on climate finance, green transition, affordable access, and energy security on CNBC-TV18 with Parikshit Luthra.
Discontent over high energy prices, spiralling living costs, and anti war sentiments have gripped Europe, resulting in protests and civil unrest across the continent. With no immediate solution in sight, public resentment is likely to intensify through the coming winter months
On November 6, Egypt will host the COP27, the 27th Conference of the Parties of the UN Framework Convention on Climate Change. This infographic shows the two types of multilateral approaches and agreements under which countries solve the shared global challenge of climate change: Conventions or treaties and CoPs or Conference of Parties.
Wide-ranging economic sanctions on Russia are likely to stay for several years, if not decades. Given Russia’s critical global role as a supplier of key commodities and military hardware, India should pursue long term solutions to continue this trade.
G20 President Indonesia, hosted the Think-20 (T20) Summit in Bali 4-6 September. The recommendations of the working groups resonate in the Leaders’ Statement released at the G20 Leaders’ Summit. The T20 Task Force on Open Trade, Sustainable Investment and Industry published its notes on multilateral trade reform, digital trade, health. Yose Rizal Damuri of CSIS, is the Lead Co-Chair of this Task Force.
The global energy market has been disrupted since the Ukraine-Russia conflict. Energy security is now a core concern for most countries and offers the chance to fix the structural problems in the energy generation sector. The interaction between energy security and environmental policies must be reassessed so policies can be consistent for the long term. Gateway House’s Saeeduddin Faridi speaks to Robin Mills, energy expert and CEO of Qamar Energy, about the state of energy markets.
Russia, the founding member of the Shanghai Cooperation Organisation (SCO), has been hit by Western sanctions on its energy exports and financial system. Still, Ivan Timofeev, Director of Programs at the Russian International Affairs Council, sees new opportunities to be seized. Deepening India-Russia business engagement is one, and the SCO as a constructive and accommodating force is another. K.A. Dhananjay from Gateway House spoke to Timofeev who visited Mumbai recently.
Sanctions against Russian energy, high cost fuel, heat waves and droughts all at once have raised the price of daily energy use to unprecedented levels and plunged large parts of the world into darkness.
The Ukraine crisis has sent the EU scrambling for new gas supplies, generating fresh interest in gas pipelines from Central Asia and West Asia via Turkey. Practical difficulties make most of these new projects unviable.
The supply of critical minerals, crucial for new and emerging technologies such as electric vehicles, electronics and renewable energy production, faces a significant disruption due to Covid and the Ukraine crisis. As the prices of these valuable resources surge, India can secure its supplies through the sagacious use of financial investments, efficient policies, and propriety technology. A collaboration with Japan can offer multifaceted benefits.