India is set to play a key role as Global Champions for the UN High-level Dialogue on Energy, a summit-level meeting to take place in September 2021.
India believes that it is only a collective effort that can enable the energy transition at a faster pace.
Today while speaking at the Curtain Raiser Press Conference on “India’s role as a Global Champion for the Energy Transition theme at the UN High-Level Dialogue on Energy 2021,” R. K. Singh, Minister of State (MoS) (I/C) for Power and New & Renewable Energy said that this dialogue on energy transition presents India with an opportunity to share experiences with the entire world.
To attain Sustainable Development Goals 7 (SDG7) concerted actions are required all across the world, in the same spirit, Minister R K Singh urged other countries, especially those in positions of privilege to work ambitiously to support a global energy transition.
What is Energy Transition?
Energy transition refers to the global energy sector’s gradual shift from fossil-based systems of energy production and consumption to renewable energy sources like wind and solar, as well as lithium-ion batteries.
The transition requires limiting the use of energy sources like oil, natural gas and coal to a bare minimum, while pushing towards more sustainable energy production and consumption.
In the present times, increasing penetration of renewable energy into the total energy supply mix has spurred the growth of electrification and improvements in energy storage.
Energy Compacts: India’s voluntary commitments towards Energy Transition
MoS (New & Renewable Energy) R K Singh informed that India will finalize its energy compacts going forward based on its target of 450 GW renewable energy capacity by 2030.
These will be primarily focused upon solar, wind and bio-energy; storage systems, green hydrogen and international cooperation through the International Solar Alliance.
Energy Compacts are voluntary commitments from the Member States, businesses, cities and other stakeholders who will present for the High-level Dialogue.
As per the UN announcement for Global Champions, “The Compacts will also feed into the COP 26 climate meeting in November.” The Energy Compact includes the specific actions taken by member states to support progress on SDG-7.
Global advocacy efforts to promote the Energy Transition
As part of the preparatory process for the Dialogue in September, India is set to co-host the Ministerial Thematic Forum for Energy Transition on June 23, 2021, along with other Global Champions for the theme.
In addition to this, India will also host an event on “Accelerating Citizen-Centric Energy Transition” on June 24 and will organise a webinar on “Women in Renewable Energy and Sustainability” in collaboration with the International Solar Alliance on July 7.
For the development of Energy transmission missions at a faster pace, MoS (New & Renewable Energy) called for innovative ways of expanding energy access across the globe with collaborative efforts of all Member States and other stakeholders at the UN-Energy Forum.