India, US to revamp Strategic Energy Partnership with focus on clean energy
The next meeting of a revamped India-US Strategic Energy Partnership (SEP) will be convened soon
India and the US have decided to revamp their strategic energy partnership with a focus on promoting clean energy with low-carbon pathways and accelerating green energy cooperation.
During a virtual meeting on Monday, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan and US Secretary of Energy Jennifer Granholm reviewed the India-US Strategic Energy Partnership (SEP).
They agreed to revamp the SEP to reflect the new priorities of Prime Minister Narendra Modi and President Joe Biden, the Ministry of Petroleum and Natural Gas said in a statement.
To this end, they decided to prioritise greater collaboration in 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.
According to the statement, both sides 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," the statement said.
Jennifer Granholm had assumed the post of US Secretary of Energy in February 2021.