National Current Affairs

Shaktikanta Das appointed as India’s G 20 Sherpa

The Union Ministry of Finance has appointed Shaktikanta Das, Former Secretary, Department of Economic Affairs (DEA) as India’s G 20 Sherpa till December 31, 2018 for Development Track of G20.

Sherpa is personal representative of leaders participating at G-20 summit and are responsible for thrashing out details before meeting of the leaders.

There are two tracks in G 20-Development Track and Finance Track. Finance Track is managed by Secretary (Economic Affairs) as India’s Deputy to G-20 and Development Track is coordinated by Sherpa. The DEA, Ministry of Finance provides necessary support to the Sherpa.

Background

Former NITI Aayog vice-chairman had recommended to Prime Minister Narendra Modi to appoint full-time Sherpa for G20 talks as India’s role is expanding in global arena. Panagariya was India’s Sherpa for G20 talks in September 2015. As per earlier norms, deputy chairman of erstwhile Planning Commission used to be Sherpa for G20 talks.

Sherpa

Sherpa is personal representative of leader of member country at international Summit meeting such as G8, G20 or Nuclear Security Summit. They are mostly career diplomats or senior government officials appointed by leaders of their countries. The term has been derived from Nepalese Sherpa people, who serve as guides for mountaineers in Himalayas.

The Sherpa is mainly engaged in planning, implementation and negotiation tasks through Summit. They coordinate agenda, seek consensus at highest political levels and participate in series of pre-Summit consultations to help negotiate their leaders’ positions.

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INSPIRE 2017: International Symposium to Promote Innovation & Research in Energy Efficiency

The first edition of International Symposium to Promote Innovation & Research in Energy Efficiency (INSPIRE 2017) was held in Jaipur, Rajasthan.

The five-day symposium was organized by Energy Efficiency Services Limited (EESL) in partnership with World Bank and Alliance for an Energy Efficient Economy (AEEE).

Key Facts

INSPIRE 2017 is international conference that aimed to bring together various stakeholders such as policy makers, innovators, financiers, influencers to showcase best practices in sector. Its objective was to provide common platform for energy efficiency community to discuss energy efficiency policies, emerging technologies, market transformation strategies, delivery and business-model driven transformations.

It also intended to create platform for deliberations and sharing of best practices around energy efficiency policy solutions, high-impact research, innovative financing and implementation that are driving large scale market transformations in India and across the globe.

Several global organizations like Asian Development Bank (ADB), African Development Bank (AfDB), Asian Infrastructure Investment Bank (AIIB), World Bank, International Finance Corporation (IFC), International Energy Agency (IEA), International Partnership for Energy Efficiency Cooperation (IPEEC), Clean Energy Ministerial, Copenhagen Centre on Energy Efficiency participated in it.

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