Multilateral way to improve energy security

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In recent years, energy security has remained a pressing global issue, exacerbated by geopolitical tensions and logistical challenges. The tension between the United States and…

The G20 brings together major producers, consumers and emerging economies — an advantage that single-focus energy bodies cannot match — to discuss low-carbon transition

In recent years, energy security has remained a pressing global issue, exacerbated by geopolitical tensions and logistical challenges. The tension between the United States and Iran, alongside disruptions in energy supply through the Strait of Hormuz, continues to affect global energy markets. Southeast Asia, particularly the Philippines, was among the first regions to experience fuel shortages and inflation pressures, declaring an energy emergency in March due to depleted reserves. In Europe, the energy crisis is equally severe, with diesel prices in the European Union rising by 8.3 percent month-on-month as of August, and a staggering increase of 23.8 percent year-on-year.

Against this backdrop, the 2026 G20 Summit, scheduled to take place in Miami, the US, in December, cannot sidestep the issue of energy security. Historically linked to oil and gas reserves, energy security now increasingly encompasses a diversified, decentralized, and autonomous energy system, with renewable energy playing a crucial role. According to the International Energy Agency's Global Energy Review 2026, global energy demand growth slowed to 1.3 percent in 2025, while electricity demand grew by approximately 3 percent.

Solar photovoltaics emerged as the leading source of energy supply growth, accounting for over 25 percent of the increase. This shift signifies a transition from supplementary to primary roles in energy security, with carbon dioxide emissions growth slowing to 0.4 percent, and clean energy technologies reducing emissions by about 3 billion tons annually.

As the premier forum for international economic cooperation, the G20's agenda is deeply intertwined with energy issues. Existing international energy governance structures, such as the International Energy Agency and the Organization of the Petroleum Exporting…

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