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Mainstreaming Sustainability Actions & Practices |
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As we close in towards the G20 Leaders’ Summit under
India’s Presidency, we are delighted that your support and regular
participation have enabled us to host several high level convenings – both part
of the Sherpa tracks as well as official engagement platforms e.g. Think Tank
20 (T20).
The G20 International Seminar on
Sharing global policies and best practices to decarbonize “Hard to Abate”
sectors held as part of the G20 Sherpa track on Energy
Transitions ensured that key messages from India are reaching the
global leaders. Jointly developed with Shell, the T20 Summit in Mysuru embraced
the recommendations of our report titled “India Transforming To A Net-Zero
Emissions Energy System - A call to action to 2030”. Our scenarios examined
how clean energy will look like in the decades to come. This becomes important
to the central theme of T20’s Task Force on “Refueling
Growth in the context of energy transitions”. The trilemma of energy
security, energy equitability and energy sustainability are mainstream like
never before, particularly in context of very near-term 2030 commitments. This
report and our joint efforts exhibit that India can be a global leader, as well
as source of global inspiration to the Global South. Our joint efforts with the World
Economic Forum (WEF) and the Leadership Group for Industry Transitions
(LeadIT), we informed the G20 Energy Ministers Meet the significant
levels of risk-tolerant international capital and ambitious domestic policy
measures are needed to decarbonize India’s hardest-to-abate industrial sectors.
As the final G20 Communique shapes up, it is clearly
evident that the importance of developing and widely adopting both existing and
emerging clean technologies will be the centre stage to near-term global
discourse on climate policy and sustainability agenda. The technology options
such as Carbon Capture Utilization and Storage (CCUS), Green and Low Carbon
hydrogen and its derivatives, biofuels, Small and Modular Reactors (SMRs) etc.
will provide impetus to the actions being undertaken by the signatory companies
of the Industry Charter for Near-Zero Emissions
Ambition by 2050, instituted by TERI. Our engagements with leading Indian industries
have gained consistent traction to advance agenda of industry decarbonization
and circular economy.
Our Council for Business Sustainability serves as the
interface for our research work to be connected to the corporate world and
enables two-way engagement. TERI CBS engages with the core issue of what
businesses must do to shape and lead in sustainability. Your suggestions and
feedback remain a constant source of inspiration for us.
We hope that the newsletter provides a good and
insightful reading for you. |
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T20 Communique: Recommendations on Clean Energy Transition
The T20
communique outlined a set of recommendations to the G20, focusing on
strengthening resilient and sustainable clean energy supply chains. The
communique shared the importance of building on existing efforts such as the
G20 Resource Efficiency Dialogue to enhance circular economy in the critical
minerals sector. In this respect, the importance of establishing an International Minerals Agency or an
International Agreement to share data on economic geology and mineral
demands; and promote transparency in assessment of the impacts of critical
mineral use were also highlighted.
The
communique supported green public procurement for public goods to strengthen
effective demand for green products; and called upon the G20 countries to
establish a Tech20 Engagement Group to facilitate technology cooperation,
co-development and transfers, and Intellectual Property (IP) reforms. In
addition, the communique also addressed the need to expedite action to
implement Kigali Amendment to the Montreal Protocol and strengthen G20
collaboration by developing ambitious, regionally harmonized energy efficiency
standards for cooling equipment through formulation of national cooling action
plans. | |
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T20 Communique:
Recommendations on Accelerating Finance for Green Development
The T20
communique on accelerating finance for green development shared that the G20 Finance Ministers and Central Bank
Governors (FMCBGs) must articulate a mission for development finance that
is geared towards low-carbon, climate-resilient, and socially inclusive growth
and development. It also called upon the G20 Sustainable Finance Working Group
to prepare an annual Green Finance report tracking clean energy investments.
Further,
the communique supported the establishment of a Green Development and Investment Accelerator (GDIA) to streamline the
flow of bankable clean energy projects, and serve as a global institution
to support de-risking initiatives, scale best practices and convene trilateral
processes among government, industry, and financiers to identify key capital
flow challenges. Further, the G20 FMCBGs should work with Multi-lateral
Development Banks (MDBs) and Development Finance Institutions (DFIs) to scale
up innovative instruments for SDG financing such as SDG Bonds and tradable SDG
credits. | |
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G20 Energy Transitions Ministers
Outcome Summary
The
outcome document of the G20 Energy Transitions Ministers’ meeting held in July
in Goa, stressed the importance of energy security and diversifying supply
chains. The outcome acknowledged the
importance of critical minerals, materials and technologies for enabling energy
transition. Support for promoting circularity and enabling sustainable
alternatives to maintain supply chain of materials was also emphasised.
The
outcome document recognised the role of regional / cross-border power systems
integration, grid interconnections and resilient energy infrastructure in
scaling up zero and low emission technologies including renewables. The
document also acknowledged role of energy efficiency as the “first fuel” in
enabling energy transitions, and reiterated the significance of accelerating
the pace and scale of commercial deployment of mature clean energy technologies
including pumped storage, bioenergy, heat pumps, CCUS and nuclear technologies,
as well as new and other critical technologies such as direct air capture
(DAC), high efficiency fuel cells, bioenergy with carbon capture and storage
(BECCS). Focus was also emphasised on fuels for future including biofuels, and
the initiative to establish a Green Hydrogen Innovation Centre steered by ISA
was also highlighted upon. | |
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Launch of Shell – TERI Report
on Transforming to a net zero emissions energy system
TERI in partnership with
Shell Group of Companies, India launched the report, ‘India Transforming to a
net-zero emissions energy system: A call to action to 2030’. The report
examines 4 decarbonisation pathways to identify key focus areas that can help
India decarbonise the energy system. Steps initiated between now and 2030 can
help India meet its net zero goal, and the report explores a series of actions
required across power, industry, transportation, agriculture and buildings
sectors. |
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First Movers Coalition In-Country Workshop
The
First Movers Coalition, an initiative of the World Economic Forum, organised an
in-country workshop in Delhi. The three-day event convened policy makers and
industry leaders to deliberate the status of decarbonisation technologies
across three industrial sectors – cement & concrete, sustainable aviation
fuel, and steel. The workshop witnessed
discussions on accelerating supply of low-carbon products and simultaneously
accelerating demand for green products via favourable public procurement
policies.
Further, the workshop also discussed the financial measures and
supportive policies needed to enable decarbonisation of heavy industries. The
recommendations that emerged out of the workshop were developed into a
whitepaper, and can be found on the link below.
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India - Japan DeepTech Innovation and
Clean Energy Seminar
TERI co-hosted the India - Japan
DeepTech Innovation and Clean Energy Seminar in Delhi. Panel
discussion on green hydrogen highlighted areas of cooperation available across
the green hydrogen value chain, including transportation and storage; while
discussions on clean mobility focused on understanding the utility needs and
geographical landscape to select zero emission vehicles.
Mr. Yashutoshi Nishimura, Minister of Economy, Trade and Industry
(METI), Japan highlighted a three pillared approach to enhance India- Japan relations
centred around cooperation in clean energy, digitalisation and healthcare;
deepening industrial ties; and collaborating to implement projects in other
countries. Shri Suman Bery, Vice Chairperson, Niti Aayog, underscored the importance
of integrating MSMEs of the two countries. |
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Watch TERI CBS Executive Committee members share
their insights on how TERI Council for Business Sustainability (TERI CBS) plays
an instrumental role in developing a two way communication between the
industry, government and the academia by helping shape policies and sharing
best practices on sustainability. |
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A G20 coalition on Emerging
Technologies for a Zero-Carbon, Climate Resilient Future
Development of clean technologies can play a crucial role in
decarbonising industries. To accelerate this process, the policy brief
suggests creation of a G20 coalition on emerging technologies highlighting
principles of gradual harmonisation of standards, institutional reforms,
sustained and transparent research, development and demonstration, and building
trust in green energy sector to enable faster maturity of emerging technologies
market. |
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Fast Tracking Road Decarbonisation
through a new 'International Sustainable Transport Alliance'
Sustainable and clean mobility can help reduce carbon emissions and
expand the scope of public transportation. This policy brief highlights
the need for the creation of a new alliance on sustainable transport that can
enable faster policy-making, unlock blended finance and direct investments to
clean projects, and emerge as a platform for assessing economic opportunities
and identifying best practices. |
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Accelerating
Biodiesel Blending in India
As an alternative fuel,
biodiesel presents the Indian government with an opportunity to enhance energy
security, and reduce import of fossil fuels. Given that biodiesel blending
continues to remain a challenge due to lack of integrated supply chain, and high
feedstock prices, the policy brief suggests a set of recommendations focusing
on assessment of available land, lowering feedstock prices and government
support can help realise the goal of 5% blending target by 2030. |
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