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India-US agree to revamp energy partnership ahead of climate summit

Petroleum minister Dharmendra Pradhan and US energy secretary Jennifer Granholm have decided to revamp the India-US Strategic Energy Partnership.

Published on: Mar 29, 2021, 21:57:46 IST
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India and the US on Monday decided to revamp the existing energy cooperation framework to focus more on clean energy keeping advanced American technology and the rapidly growing Indian energy market in mind to reflect new priorities set by Prime Minister Narendra Modi and President Joe Biden, an official said.

File photo: US, Indian flags flutter near the Presidential Palace in New Delhi. (AP)
File photo: US, Indian flags flutter near the Presidential Palace in New Delhi. (AP)

Petroleum minister Dharmendra Pradhan and US energy secretary Jennifer Granholm have decided to revamp the India-US Strategic Energy Partnership (SEP) accordingly and convene the third meeting of the revamped SEP at an early date, the official said requesting anonymity.

“Earlier, two SEPs were [held under the Trump Administration], where the focus of energy cooperation was more on supply of fossil fuels from America rather than cooperation in reducing carbon footprints. While the import of fossil fuel from the US will continue, Washington will support India’s efforts for clean energy,” the official said. The inaugural SEP, a ministerial meeting, was first held on April 17, 2018. Its second meeting took place on July 17, 2020.

Prior to the third meeting of SEP, Pradhan and Granholm on Monday held a virtual conference and agreed to revamp it to reflect the new priorities of PM Modi and President Biden with a focus on promoting clean energy to accelerate green energy cooperation, the petroleum ministry said in a statement. Granholm assumed the post of US energy secretary in the Biden administration last month.

The development on Monday is significant as Biden on Friday invited 40 world leaders, including PM Modi, to a two-day virtual climate summit that he will host on April 22-23. Leaders of China and Russia are also invited to the summit.

Pradhan and Granholm agreed to prioritise greater collaboration in the clean energy sector, such as biofuels, carbon capture, utilisation and storage (CCUS), hydrogen production and carbon sequestration, through technology exchange, joint research and development (R&D) through Partnership to Advance Clean Energy Research (PACE-R), the statement said.

India and the US would convene the third meeting of a revamped SEP at an early date, it 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,” it added.

 
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