In particular, regarding the legal framework for investments and regional energy cooperation. Several delegations (China, EU, Japan and Spain) mentioned the relevance of the recently adopted International Energy Charter, as well as the role of the Energy Charter Treaty for energy access.
The International Renewable Energy Agency (IRENA) presented a paper, identifying a toolkit of options for G20 countries in order to accelerate renewable energy deployment. The report was developed in close cooperation with the International Energy Agency (IEA), the Energy Charter Secretariat and other organisations and highlights the necessity of further innovation needed for transformation, considerations are given for development of a financial risk-mitigation mechanism and the role of the Energy Charter is recognised within the best practices and policy options to promote favourable investment climate and removal of regulatory barriers.
Participants in the meeting discussed also the progress in the implementation of the G20 Energy Efficiency Action plan and possible areas of cooperation with international organisations, including the Energy Charter.