Empowering Global Energy Transition: Assessing India’s G20 Presidency Initiatives and Energy Efficiency Strategies

Authors

  • Sanjeeb Kumar Dey Assistant Professor, Department of Commerce, Ravenshaw University, Cuttack
  • Debabrata Sharma Assistant Professor, Department of Finance, BIITM, Bhubaneswar

DOI:

https://doi.org/10.33516/maj.v58i10.58-61p

Keywords:

No Keywords

Abstract

G20 member nations have increasingly prioritized energy efficiency measures, yielding substantial advancements in residential, service, transport, and industrial sectors. This collective commitment recognizes energy efficiency as the linchpin for transitioning to cleaner energy sources and ensuring global access to clean, affordable energy. This research paper delves into India’s pivotal role during its G20 Presidency, highlighting the power of small actions in driving significant reforms. Energy efficiency consistently holds a central place in G20 Energy Transitions Communiqués, emphasizing its crucial role in the transition to clean energy and universal access to affordable clean energy resources. As India assumes the G20 Presidency in 2023, it can leverage its extensive experience in energy efficiency policies and strategies to guide global efforts towards a more energy-efficient world by 2030, utilizing the G20’s unique position to prioritize energy efficiency on the global policy agenda, foster partnerships, and mobilize action.

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Published

2024-03-23

How to Cite

Dey, S. K., & Sharma, D. (2024). Empowering Global Energy Transition: Assessing India’s G20 Presidency Initiatives and Energy Efficiency Strategies. The Management Accountant Journal, 58(10), 58–61. https://doi.org/10.33516/maj.v58i10.58-61p

Issue

Section

Cover Story

References

OECD (2023), OECD Secretary-General Tax Report to G20 Finance Ministers and Central Bank Governors, India, February 2023,OECD, Paris, https://www.oecd.org/g20/topics/ international-taxation/oecd-secretary-general-taxreport-g20-finance-ministers-india-february-2023. pdf

Ogunbiyi, D. (2023, July 21). View: Ramping up energy efficiency ambitions in the G20 and beyond. The Economic Times. Accessed September 1, 2023.

Rashmi, R. R. (2022, December 27). How will India as G20 President steer Energy Transition? The Economic Times. Accessed August 31, 2023

Srivastava, R. (2023). India wants a clean energy transition deal - and its coal too. Context.

Verma, R. (2023, August 7). India’s energy transition: Challenges and opportunities for a sustainable future. Times of India Blog. Accessed September 2, 2023.

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