The IEA and the Group of 20 (G20)
Since the Pittsburgh Leaders' Summit in 2009, the IEA has actively supported G20 deliberations on energy, providing inputs to G20 Leaders’ Summits, Finance Ministers, Sherpa meetings, and more recently, meetings of the G20 Energy Sustainability Working Group, established in 2013.
Overview of IEA Contributions to the G20 since 2009
Phaseout of Inefficient Fossil Fuel Subsidies
Data and Transparency
Oil Price Formation and Price Reporting Agencies
Gas and Coal Markets
Participation in the ESWG workshop and meeting, Melbourne, Australia, 10-13 February 2014
The G20 is a global forum of major economies (Argentina, Australia, Brazil, Canada, China, France, the European Union, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, and the United States of America) and the European Union. It was started as a meeting of Finance Ministers’ in 1999 but was later elevated to a Leader’s meeting at the Washington Summit in 2008. The G20 discusses and responds to critical issues facing the global economy, including energy. It has no permanent secretariat, rather a yearly rotating presidency among its members.
The combined energy demand of the nineteen G20 countries (i.e. excluding the European Union) represents over 70% of global energy demand.
Global Energy Demand 2011
(Source: IEA energy database)