IEF and the G20

Closer alignment to meet new challenges

The mission of the IEF to strengthen global energy security, market transparency, and facilitate orderly and just energy transitions remains closely linked to the core objectives of the G20 to achieve global economic stability, inclusive and sustainable growth, as well as to modernise international governance systems.

The IEF is unique in that it consists of both producer and consumer countries and has more Member Countries in the G20 than any of the broadly focused international energy organisations. The IEF and G20 are already united on many central issues and growing closer to meet new challenges.

Past crises, and the profound impact of the novel coronavirus pandemic show how IEF and G20 Member Countries rely on each other to reduce risks, prevent, and adequately respond to global economic and energy market disruptions. International engagement has never been more important and valuable for the world economy to achieve shared goals ranging from alleviating energy poverty to implementing effective responses to climate change.

Success continues to depend on the secure, sustainable, and transparent functioning of world energy markets, including unhindered trade and investment in energy and technology markets and by building on existing and new partnerships in constantly evolving producer-consumer relations. Broadly framed, neutral, and data-driven dialogue, in collaboration with other key international organisations, helps IEF and G20 countries meet the challenges of the 21st century.

Changes in the global energy market landscape and international governance will continue to lead to closer alignment and stronger partnership between member country governments and market stakeholders on both platforms.