According to a statement issued by the Indian government on Monday, India and the United States have agreed to revamp their strategic energy relationship to concentrate on greater cooperation in cleaner energy sectors such as biofuels and hydrogen production.
After a virtual meeting between Indian oil minister Dharmendra Pradhan and US Energy Secretary Jennifer Granholm, the statement was released. The two countries will step up efforts to take advantage of advanced American technologies as well as India’s rapidly expanding energy market, according to the statement.
They also agreed to prioritise greater cooperation in the renewable energy field and collaborative R&D through the Partnership to Advance Clean Energy Research, among other initiatives, during the meeting.
Furthermore, both sides decided to hold the third meeting of the revived India-US SEP as soon as possible. They agreed to step up their efforts to take advantage of both countries’ complementarities – advanced US technology and India’s increasingly rising energy demand – to create a win-win situation along a green energy road with low carbon pathways.