Non-Aligned Movement has emphasised the need to develop clean energy for sustainable development. NAM has supported efforts to improve the functioning, transparency and information about energy markets with respect to both supply and demand, with the aim of achieving greater stability and predictability in the interest of both energy producing and consuming states. The Movement also highlights the significance of collaboration between States to promote sustainable energy resources.
In this context, NAM has welcomed the progress of the dialogue between energy producing and consuming countries, in particular, within the International Energy Forum (IEF) and supported all efforts to strengthen such dialogue. IEF is an inter-governmental, non-profit international organisation which aims to foster greater mutual understanding and awareness of common energy interests among its members.
The 72 Member Countries of the Forum are signatories to the IEF Charter, which outlines the framework of the global energy dialogue through this inter-governmental arrangement.
According to the IEF Charter signed in Riyadh, Saudi Arabia in February 2011, the fundamental aims of the Forum are:
1) fostering greater mutual understanding and awareness of common energy interests among its Members; 2) promoting a better understanding of the benefits of stable and transparent energy markets for the health of the world economy, the security of energy supply and demand, and the expansion of global trade and investment in energy resources and technology; 3) identifying and promoting principles and guidelines that enhance energy market transparency, stability and sustainability; 4) narrowing the differences among energy producing, consuming and transit Member States on global energy issues and promoting a fuller understanding of their interdependency and the benefits to be gained from cooperation through dialogue among them, as well as between them and energy related industries; 5) promoting the study and exchange of views on the inter-relationships among energy, technology, environmental issues, economic growth and development; 6) building confidence and trust through improved information sharing among States; and 7) facilitating the collection, compilation and dissemination of data, information and analyses that contribute to greater market transparency, stability and sustainability.
IEF conducts biennial Ministerial Meetings and events to foster greater mutual understanding and awareness of common energy interests in order to ensure global energy security. IEF Ministerial is the largest gathering of energy ministers in the world. The 16th biennial International Energy Forum Ministerial Meeting (IEF16) was held in April 2018 in New Delhi under the theme “The Future of Global Energy Security – Transition, Technology, Trade and Investment”.
Indian Prime Minister Narendra Modi inaugurated the IEF16 Ministerial Meeting and shared his energy vision as comprising four pillars – energy access, energy efficiency, energy sustainability and energy security. He called for a mutually supportive relationship between producers and consumers.
He also called for optimal use of the neutral platform of the IEF to build a global consensus on ‘responsible pricing’, that serves the mutual interests of both producers and consumers. Dharmendra Pradhan, Indian Minister for Petroleum and Natural Gas, urged both producers and consumers to work for a more equitable pricing regime rather than trying to artificially manage the volume of production and price of crude.
IEF16 Ministers recognised that universal access to modern energy services is central to economic growth and human welfare and, as such, an enduring factor in the socioeconomic development of humanity through the ages. Ministers also welcomed the rapid development of new energy technologies and the competitive disciplines in a more diverse and vibrant market environment creates for the industry at large.
To ensure successful energy sector transformations, IEF16 delegates acknowledged that more dialogue is needed on new policy and technology deployment to facilitate cost effective transitions between new and existing technologies.