6 October 2022.
Introduction:
Ministerial dialogue of US-India Strategic Clean Energy Partnership (USISCEP) will be held in the United States from October 7 to 11 this year.
Highlights:
- The Ministerial Dialogue will be co-chaired by Union Minister of Petroleum and Natural Gas and Housing and Urban Affairs Hardeep Singh Puri and US Secretary of Energy Jennifer Granholm.
- The revamped USISCEP was launched based on the US-India Climate and Clean Energy Agenda Partnership 2030 Partnership that was unveiled jointly by US President Joe Biden and Indian Prime Minister Narendra Modi at the Leaders’ Summit on Climate Change in April 2021.
- The USISCEP focuses on 5 pillars – responsible oil and gas pillar, power and energy efficiency pillar, renewable energy pillar, sustainable growth pillar and emerging fuels and technologies pillar.
- The partnership is based on the long-standing US-India energy dialogue focusing on boosting innovation and energy security.
- The new revamped USISCEP emphasizes on the electrification and decarbonization processes and end uses.
- It also aims to scale up emerging green energy technologies, provide green-energy solutions for sectors that are difficult to decarbonize and provide technical solutions.
- Increasing involvement of private entities and other stakeholders will be prioritized to speed up the deployment of technologies and create economic opportunities benefiting both India and the United States.
What is US-India Agenda 2030 Partnership?
The US-India Agenda 2030 Partnership focuses on two tracks of engagement – the Strategic Clean Energy Partnership (SCEP) and the Climate Action and Finance Mobilization Dialogue. The partnership focuses on collaborating towards achieving the two countries’ climate and clean energy targets set under the Paris Agreement. It also focuses on strengthening the cooperation in climate and green energy through mobilization of financial resources and demonstrating and scaling up innovative technologies required for the decarbonization of sectors like power, real estate, transportation etc. The partnership validates how the international community can integrate climate-related efforts with inclusive and resilient economic development with consideration to sustainable development goals and national challenges.