The International Energy Forum (IEF) participated in the Group of 20 Energy Ministers’ Meeting, held under the Chinese Presidency of the G20 on 29-30 June 2016 in Beijing, China. G20 Energy Ministers gathered in Beijing to deliver voluntary action plans on enhancing energy access in Asia and the Pacific, facilitate the deployment of renewable energy, and increase collaboration on energy efficiency.
The Chinese G20 Presidency advanced implementation of the G20 Principles on Energy Collaboration agreed under the G20 Presidency of Australia in 2014, and built on the outcomes of the 1st G20 Energy Ministers’ Meeting held in Istanbul, Turkey in 2015.
The G20 called on the International Energy Forum to establish a Knowledge Sharing Framework on Energy Efficiency in support of the G20 Energy Efficiency Leading Programme. This extends work on an Asian Energy Efficiency Knowledge Sharing Framework under the IEF that Energy Ministers gathered at the 6th Asian Ministerial Energy Roundtable in Doha, Qatar in 2015 endorsed upon a proposal from the Kingdom of Saudi Arabia with the support of Japan.
Energy efficiency is important to both energy producers and consumers to balance the goals of economy, energy and environment. In pursuit of the framework’s shared objective, the IEF will collaborate with other relevant International Organisations and Agencies, to give greater visibility to energy efficiency policies and strengthen international capacity and collaboration on energy efficiency, also beyond the G20.
The IEF has set a standard in inter-institutional cooperation under the Joint Organisations Data Initiative (JODI), where it works in concert with APEC, Eurostat, the GECF, IEA, OLADE, OPEC, and UNSD to improve energy market transparency.
Energy Ministers of the G20 welcomed IEF work on market transparency and energy security. They emphasised the importance of market transparency for secure and efficient energy markets, as well as the facilitation of investment. They committed, amongst others, to further strengthen JODI, and welcomed the cooperation among the IEF, OPEC and IEA, on energy outlooks, encouraging them to continue their cooperation on market transparency and the interaction between physical and financial markets.