Ahead of climate summit, India-US agrees to revamp strategic energy partnership

New Delhi, March 30: Strengthening the bilateral ties in the energy sector, Petroleum Minister Dharmendra Pradhan and US Secretary of Energy Jennifer Granholm agreed to revamp India-US Strategic Energy Partnership during the virtual meeting.

 

 

According to the statement, the revamp will reflect the new priorities of Prime Minister Narendra Modi and President Joe Biden with a focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation.

 

 

They agreed to prioritise greater collaboration in the cleaner energy sector- biofuels, CCUS, 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 also agreed to convene the third meeting of a revamped India-US Strategic Energy Partnership at an early date. 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.

 

Pradhan also congratulated Secretary Granholm on assuming the high office and reviewed the India-US Strategic Energy Cooperation (SEP).

 

This decision has come amid when President Biden has invited 40 world leaders including PM Modi for the climate summit. The White House said the summit is scheduled for April 22-23.

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