India and US Agree to Revamp Energy Partnership, Shift Focus to Clean Energy

India and US Agree to Revamp Energy Partnership, Shift Focus to Clean Energy India & US Shore Up Partnership to Anchor $500 Mn RE Infrastructure Investment Fund

India and the United States have agreed to revamp their strategic energy partnership with a greater focus on cleaner energy sectors

India and the United States have agreed to revamp their strategic energy partnership with a greater focus on cleaner energy sectors, an official statement said. Oil Minister Dharmendra Pradhan Has held an “introductory meeting” with US Secretary of Energy Jennifer Granholm. The two leaders reviewed the India-US Strategic Energy Cooperation (SEP).

It has been reported that the two nations will intensify efforts to take advantage of advanced US technologies and India’s rapidly growing energy market, the statement said. “Both leaders agreed to revamp the India-US SEP to reflect the new priorities of Prime Minister Narendra Modi and President Joe Biden with focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation,” it added.

They agreed to prioritise greater collaboration in the cleaner energy sectors of biofuels, CCUS (carbon capture, utilisation and storage), hydrogen production and carbon sequestration through technology exchange, joint R&D through Partnership to Advance Clean Energy Research (PACE-R), among other initiatives.

“Both sides agreed to convene the third meeting of a revamped India-US Strategic Energy Partnership at an early date,” the statement said. “They decided to intensify the efforts to take advantage of the complementarities of both the countries – advanced US technologies and rapidly growing India’s energy market, for a win-win situation through a cleaner energy route with low carbon pathways.”

Recently, after a five-day tour of India, Britain’s Minister of State for South Asia, Lord Tariq Ahmad has said that UK and India are working to expand research and collaboration links to tackle climate change. Speaking on this two-nation partnership, Ahmad stated, “India has quadrupled wind and solar capacity in the last decade and committed to net-zero emissions in the Indian Railways by 2030. I saw first-hand how we can work even more closely together on tackling climate action by sharing our solutions and expertise. Deepening UK-India collaboration will be crucial to building up to a successful outcome at COP26.”

"Want to be featured here or have news to share? Write to info[at]saurenergy.com
      SUBSCRIBE NEWS LETTER
Scroll