G7 countries (and others around the world) are in the early stages of an energy transition – including, in some areas, a shift away from the production and consumption of fossil fuels. This transition is being driven by decarbonisation objectives and policies, as well as a sharp reduction in the cost of clean technologies.

A new report has concluded that members of the G20 are providing $452 billion per year on fossil fuel production subsidies.

Several ambitious international initiatives that aim to deliver access to clean, modern energy services to underserved populations in developing countries have recently taken root, including the UN Sustainable Energy for All initiative, the Energy+ Partnership, and Power Africa.