Context:

Minister of Petroleum & Natural Gas and U.S. Secretary of Energy  co-chaired a virtual Ministerial meeting and launched the revamped U.S.-India Strategic Clean Energy Partnership (SCEP).

Relevance:

GS-II: International Relations (Important Foreign Policies and Agreements affecting India’s interests)

Dimensions of the Article:

  1. Highlights of the India U.S. meeting on Emerging Fuels

Highlights of the India U.S. meeting on Emerging Fuels

  • In the meeting, both the sides reviewed progress & major accomplishments and prioritized new areas for cooperation across several pillars.
  • Indian side noted that, this revamped clean energy partnership will intensify the efforts to take advantage of complementarities that exists between both the countries.
  • On the occasion, a new India-US Task Force on Biofuels was also announced in order to build the scope of work on cooperation in biofuels sector.

US-India Agenda 2030 Partnership

  • The aim is to create stronger bilateral cooperation on actions in the current decade to meet the goals of the Paris Agreement.
  • The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue.
  • India elevated the India-US energy dialogue to a strategic energy partnership in 2018.

Revamped Strategic Clean Energy Partnership (SCEP)

  • Addition of a fifth Pillar on Emerging Fuels (cleaner energy fuels).
  • With this, the SCEP inter-governmental engagement now spreads across five pillars of cooperation – Power and Energy Efficiency, Responsible Oil and Gas, Renewable Energy, Sustainable Growth and Emerging Fuels.
  • Support India in achieving its goal of installing 450GW of renewable energy capacity by 2030.
  • A new India-U.S. Task Force on Biofuels was also announced.

Reviewed India-US Civil Nuclear Energy Cooperation

  • The Indo-US nuclear cooperation agreement was signed in 2008.
  • A major aspect of the Deal was that the Nuclear Suppliers Group (NSG) gave a special waiver to India that enabled it to sign cooperation agreements with a dozen countries.

Transformation of the Gas Task Force

  • It will be the India-US Low Emissions Gas Task Force.
  • It will focus on addressing India’s natural gas policy, technology, and regulatory barriers by promoting efficient and market-driven solutions aimed at meeting India’s growing energy demand, and greenhouse gas emission reduction targets

Institutionalism of India Energy Modeling Forum

  • Six Task Forces were constituted for carrying out research and modelling in different areas.
  • There will be deliberations on Energy Data Management, Low Carbon Technologies and Just Transition in the Coal Sector.

Expanded the Scope of (PACE)-R Initiative

  • Agreed to include smart grid and grid storage as part of the second phase of the Partnership to Advance Clean Energy (PACE)-R initiative anchored on the Indian side by the Department of Science & Technology.

-Source: The Hindu

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