Amid volatility in global energy markets, continued recovery from the COVID-19 pandemic, and increasing climate-related challenges, the United States and India reiterated their commitment to accelerating a just and sustainable energy transition. As leaders of climate and clean energy, the United States and India share a common vision of delivering clean energy at the level of this decade’s important period to reduce emissions and achieve the goals of reducing climate change, taking into account the different circumstances of the country. Through regular consultations on global energy markets, efforts to strengthen joint energy security, and deepening technical negotiations to support the decarbonization of the economy as a whole, the two countries are continuously addressing the many crises facing the world through the US-India Strategic Clean Energy Partnership.
During the negotiations, the two Ministers reviewed progress in all aspects of energy sector cooperation. They noted with appreciation the dramatic increase in bilateral energy trade achieved in the past few years. They also welcomed the expansion of clean energy cooperation between the two countries’ stakeholders that facilitates increased investment in clean energy, including emerging technologies.
The Ministers also emphasized the importance of ensuring a reliable supply of energy to ensure the balance of energy markets, including India’s support for the US initiative to release crude oil from petroleum reserves strategically, and the importance of the deployment of various methods of refining energy sources.
Ministers emphasized that climate and clean energy cooperation should promote energy access, affordability, energy justice, while supporting sustainable economic growth and equitable energy transitions. Ministers also noted that the nation’s climate ambitions and clean energy goals require concerted action and implementation at all levels of government to ensure their effectiveness and sustainability. Capacity building and exchange of best practices involving all stakeholders were also identified as key factors in achieving the country’s climate and clean energy ambitions.
India and the United States discussed progress in ongoing efforts to advance fossil fuels and technologies and electrify and decarbonize end-use sectors. The discussions covered difficult sectors, and Ministers were informed about various initiatives, including joint research and development in smart grids and energy storage and new cooperation in carbon capture, use and storage technology (CCUS), and energy exploration. collaboration on some novel technologies under the US-India Partnership to Advance Clean Energy-Research (PACE-R).
Ministers recognized the importance of facilitating increased energy investment to ensure sustainable, affordable, reliable, robust and clean energy systems.
Additional bilateral efforts include:
- Strengthening the energy grid to ensure a reliable, affordable, affordable, and resilient energy supply including smart grids and energy storage;
- Evaluate integrated grid structures, electric vehicles, and other distributed energy resources to support load management;
- Advancing renewable energy development and deployment, including supporting India’s goal of achieving around 50 percent of installed electricity generation from non-fossil-based energy sources by 2030;
- Advancing energy efficiency and conservation in electrical equipment, buildings and the industrial sector;
- Electrifying and decarbonizing the transport sector including creating a sustainable ecosystem by establishing an Electric Vehicle (EV) financing service facility in India;
- Reducing emissions across the oil and gas value chain including efforts to deploy methane detection and mitigation technologies;
- Decarbonisation of the industrial sector through electrification efforts, carbon capture and storage, and the deployment of other emerging clean energy technologies;
- To strengthen cooperation between the Department of India and the US Department of Energy and agencies, such as EIA, and management of energy data, modeling, low carbon technology.
Ministers also emphasized the importance of private sector engagement to facilitate investment, inform policy, and accelerate technology deployment. To date, the United States and India continue to combine public-private projects in hydrogen and biofuels, and announced the launch of the Energy Storage Task Force to support the large-scale integration of renewable energy needed to support the clean energy transition. The Ministers welcomed the cooperation between Indian and American companies through a Memorandum of Understanding for the use of methane reduction technologies in the gas distribution sector in Indian cities under the Low Emissions Project to help reduce emissions in the oil and gas sector.
Agencies from across the US and Indian governments showcased a number of achievements across the five pillars of collaborative technology: 1) Energy and Efficiency, 2) Renewable Energy, 3) Responsible Oil and Gas, 4) Sustainable Growthand 5) Emerging Fuels and Technology.
The ministers welcomed the increased efforts under the US-India Clean Energy Technical Partnership to support a sustainable energy transition to meet today’s energy security and climate and energy challenges.