ORF America, in partnership with ClimateWorks Foundation, hosted a workshop to explore the current scope, role, and impacts of green technology and finance in the Global South. The event emphasized the role of the G20, particularly India's 2023 G20 presidency, and the potential for partnerships between the Global North and Global South to create secure, diversified clean energy supply chains. The Indian G20 presidency emphasized the need to boost emerging climate and clean energy technologies, expand energy manufacturing and supply chains, and attract private investment for climate change mitigation. The workshop addressed how partnerships with India, the Global North, and the Global South could overcome challenges identified during the G20 presidency amid geopolitical and geo-economic fragmentation. Discussions focused on the relevance of Indian G20 outcomes, the role of future G20 presidencies in climate finance and technology priorities, and the implications of partnerships on green technology, finance, and manufacturing in the Global South.

The workshop began with a discussion of outcomes of the Indian G20 presidency and their relevance for India’s role in diversifying clean energy supply chains in the hydrogen, solar and battery sectors. Discussions focused on the challenges of policy continuity between G20 presidencies and the need for mechanisms to track G20 declarations. In clean hydrogen energy, India needs a multipronged approach to reduce its green hydrogen production costs. In the area of battery and solar manufacturing discussions centered on the need for more concessional financing for capital-intensive facilities. Lastly, emphasis was placed on the varying levels of technology and experience among countries and the necessity for large-scale financing initiatives, highlighting differences in focus between the Global North and South.

In the second session, the focus shifted to sustainable economic development and climate resilience, highlighting the overlap between sustainable development goals and climate change mitigation. The importance of leveraging finance for infrastructure and integrating new technologies in emerging markets was addressed. The discussion touched on Brazil's renewable energy sectors and potential collaboration with India in green hydrogen efforts. Key takeaways included the necessity for affordable long-term financing and developing local capital markets to support climate initiatives.

The final session explored the dynamics of partnerships with the Global North. It focused on critical minerals and their development for extraction, highlighting the necessity of effective implementation, trust-building, and using the G20 as a platform. The importance of mobilizing investments through various mechanisms, including African countries, and addressing knowledge gaps in mineral extraction were addressed. The discussion also emphasized better regional representation in global supply chains, particularly in Southeast Asia and Latin America, and leveraging existing partnerships to drive investments in key areas such as infrastructure and technology in the Global South.

Overall, the workshop offered an overview of the current landscape of partnerships in green technology and finance in the Global South, outlining the challenges and opportunities to fostering greater cooperation and investment across diverse regions and sectors.

Speakers: 

• Siddarthan Balasubramania, Principal Strategist & Senior Director, International Engagement, ClimateWorks Foundation (Keynote Speaker)

• Pepukaye Bardouille, Director of Bridgetown Initiative and Special Advisor on Climate Resilience, Prime Minister’s Office, Government of Barbados

• Saliem Fakir, Executive Director, African Climate Foundation

• Mahnaz Khan, Vice President of Policy, Silverado Policy Accelerator

• Roberto Kishinami, Specialist Leader in Climate and Energy, Instituto Clima e Sociedade

• Anit Mukherjee, Senior Fellow, Global Economics & Development, ORF America

• Danae Pauli, Senior Advisor, Partnership of Global Infrastructure Investment, The White House

• Diego Rivera Rivota, Senior Research Associate, Center on Global Energy Policy, Columbia University

• Raj Sawhney, Chief Executive Officer, Clearview Strategic Partners

• Bella Tonkogony, Senior Advisor, Office of the Secretary, U.S. Department of the Treasury

• Prabhat Upadhyaya, Former Senior Policy Specialist, G20 Secretariat, Ministry of External Affairs, India

• Gregory Wischer, Principal, Dei Gratia Minerals

• Moderator: Shayak Sengupta, Fellow, Energy & Climate, ORF America