To close the technology gap between G20 nations, India intends to press for a waiver of intellectual property rights (IPR) for innovations relevant to green energy and energy transition, according to sources with knowledge of the situation.
Green energy would be a strong focus of the multi-level meetings planned for the following year in multiple locations. The action is being taken against a backdrop of nations switching to renewable energy amid serious supply worries caused by the conflict between Russia and Ukraine. India would strive to emphasize efforts to make technology affordable for all of the group members.
António Guterres, the UN Secretary-General, also discussed reducing IPR-related impediments in May this year. “Removing barriers to knowledge exchange and technological transfer, particularly intellectual property restraints, is vital for a quick and equitable transition to renewable energy,” the Secretary-General remarked at the State of the Global Climate 2021 Report launch.”
India will push for a platform or forum within the G20 to develop green technologies as part of its attempts to address the problem of technological gaps. In the field of green energy, several novel and pricey approaches have appeared, including CCUS, battery storage, and green hydrogen. Scaling up in these markets would take significant knowledge and resources. G20 members are focusing on the need for money for the transition across member countries and addressing technological disparities.