The G20 debates the future global energy mix in Bariloche, Patagonia
Today and tomorrow, officials from G20 member and guest countries are attending the Second Meeting of the Energy Transitions Working Group, laying the groundwork for the Meeting of Energy Ministers later this week. Issues on the table include energy access, transparency and subsidies.
This week, the global energy market has its eye firmly on Bariloche, in the southern Argentine region of Patagonia, where the Second Meeting of the G20 Energy Transitions Working Group started today. G20 countries amount for 77% of global energy consumption and over 80% of global renewable energy capacity.
During the two-day meeting, which will lay the groundwork for the Meeting of Energy Ministers beginning tomorrow, senior officials from member and guest countries, and representatives from international organizations, are discussing a lengthy list of topics that include energy transitions, access to energy in Latin America and the Caribbean, data transparency in the industry, and the gradual reduction of inefficient subsidies.
“This meeting will help us discuss in depth a number of issues that are critical to finding a common position amongst all G20 countries and invited countries,” said Daniel Redondo, Argentina’s Secretary of Energy Planning and chair of the working group, during his opening remarks at meeting, which is taking place at the Llao Llao Hotel & Resort.
“The Argentine presidency wants to highlight the importance of energy efficiency and the development and application of new technologies,” he added.
The agenda invites delegates to discuss policies that can advance transitions towards more flexible, transparent and cleaner energy systems. Objectives range from diversifying the economy and bolstering energy safety, to improving air quality and mitigating climate change.
The working group meeting, part of an intense energy agenda in Bariloche, ends tomorrow afternoon. The group will prepare a document for the energy ministers, as well a series of recommendations for the G20 sherpas with a view to the G20 Leaders’ Declaration.
Meanwhile, the G20 Meeting of Energy Ministers will start on Thursday with a site visit to INVAP, a state-owned applied-research company that provides technologies to the space, nuclear, renewable energy and security industries, followed by a working dinner at El Casco Art Hotel. On Friday, working plenary sessions and presentations by international organizations and industry experts will be held at the Llao Llao Hotel & Resort.
On Friday at 5.15 pm, once the ministerial meeting has concluded, the G20 troika will give a press conference, which will be livestreamed on the G20 YouTube channel. Juan José Aranguren, Argentina’s Minister of Energy and Mining; Thorsten Herdan, Germany’s Director General of Energy Policy; and Yoji Muto, Japan’s State Minister of Economy, Trade and Industry, will brief on the meeting’s highlights.
Besides the officials from these three countries, other participants include Rick Perry, US Energy Secretary; James Gordon Carr, Canada’s Natural Resources Minister; Fatih Birol, Executive Director of the International Energy Agency (IEA); and Michael Liebreich, founder of Bloomberg New Energy Finance, among other renowned experts (click to access the full list of participants).
About the G20
The G20 started out in 1999 as a meeting of finance ministers and central bank governors. In 2008, amidst the global financial crisis, it evolved into what it is today: a major forum for dialogue and decision-making attended by world leaders from vital economies. Together, the G20 members represent 85% of global GDP, two-thirds of the world’s population, and 75% of international trade.