IEA Contributions to the G20 in 2024

To support sustainable, affordable and secure global energy transitions, the IEA has worked in close partnership with Brazil's G20 Presidency in 2024. Overall, the IEA is contributing to seven working groups in the Sherpa Track and Finance Track, including two new horizontal taskforces: the Global Bioeconomy Initiative and the Taskforce for Global Mobilisation against Climate Change.

The Agency’s core engagement is its support for the Energy Transitions Working Group (ETWG). Building upon and expanding its partnership with the Government of Brazil, the IEA has worked with the Ministry of Mines and Energy in ETWG meetings throughout 2024 to develop strategic outcomes for the G20 Energy Ministerial meeting in Foz do Iguaçu in October 2024.

Under the ETWG, the IEA was a knowledge partner for the group's three key priorities and contributed widely to the high-level dialogues and discussions , notably on fuels for the future (biofuels, hydrogen), accelerating clean energy investment in emerging markets and economies, and the social dimension of energy transitions. The IEA is supporting the following key reports and Presidency deliverables:

• G20 clean energy investment roadmap
• G20 principles on just and inclusive transitions\
• G20 clean cooking roadmap

In 2024, the IEA was invited by the Ministry of Science, Technology and Innovation to be a knowledge partner in the newly established G20 Research and Innovation Working Group, leading inputs on the energy transition priority of Brazil's G20 Presidency.

The IEA was invited by the Ministry of Finance of Brazil and the G20 co-chairs, the United Kingdom’s Treasury and India’s Ministry of Finance, to contribute to the deliberations of the G20 Framework Working Group. The Agency briefed the Group on the impact of the energy transition on the macroeconomic outlook and the global state of clean energy investment flows and needs. In 2024, the G20 Framework Working Group requested the IEA to produce a brief on strategies for affordable and inclusive energy transitions as G20 members focus on the distributional impacts of climate crisis and the transition.

The IEA participates in the G20 Sustainable Finance Working Group on aspects of investment and finance, such as de-risking of energy investment and solutions for lowering the cost of capital in emerging and developing economies. Additionally, the IEA is the only international organisation focused on energy to be invited to the Taskforce on Global Mobilisation against Climate Change. The Agency is contributing analysis and advice on clean energy investment trends and, in support of the next round of nationally determined contributions, analysis on energy-sector milestones necessary in 2035 for reaching net zero emissions globally by 2050.