Hosted by the G20 Presidency of Saudi Arabia dedicated to Realizing Opportunities of the 21st Century for All, the International Energy Forum (IEF) Secretariat presented IEF dialogue insights in the opening plenary session of the G20 Workshop on Enhancing Energy Market Stability and Security on 5 March 2020, and in three subsequent parallel sessions of the 1st G20 session of the Energy Sustainability Working Group that took place on 7 and 8 March 2020 in Riyadh.
The Group of 20 (G20) mission to maintain global economic stability and sustainable growth through voluntary governance initiatives, benefits from dialogue and collaboration on energy security and market stability that the world economy, human development, health and well-being depends on. The IEF provides the global platform for inclusive and neutral producer-consumer dialogue on energy security, market transparency, and orderly transitions that complements the pursuit of G20 objectives, and globally shared goals formulated by the United Nations (UN) and other relevant intergovernmental platforms.
In the G20 Workshop on Enhancing Energy Market Stability and Security the IEF addressed cross-cutting aspects of security in the global energy market. In the 1st G20 Energy Sustainability Working Group the IEF presented on safeguarding energy flows and infrastructure, and enhancing market transparency, in particular in respect of oil inventory data in the non-OECD region. In discussions on energy systems for a new era, the IEF highlighted the solutions that new policy concepts on climate neutrality such as the Circular Carbon Economy offers for the world economy to grow and develop in a sustainable way.