Table of Contents
Relevance
- GS 2: Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
Context
- Recently, Ministry of Petroleum and Natural Gas and the U.S. Secretary of Energy launched the revamped U.S.-India Strategic Clean Energy Partnership (SCEP).
USA-India Defense Technology & Trade Initiative
Key points
- The SCEP was launched in accordance with the U.S.-India Climate and Clean Energy Agenda 2030 Partnership announced by both the countries at the Leaders’ Summit on Climate held in April this year.
Biofuels
- A new India-U.S. Task Force on Biofuels to build on the scope of work on cooperation in biofuels sector.
- 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.
Revamped Clean Energy partnership
- The revamped clean energy partnership will intensify the efforts from both sides to take advantage of the complementarities that exist between the U.S. and India.
- The advanced U.S. technologies and rapidly growing India’s energy market will create a win-win situation through a cleaner energy route with low carbon pathways.
- After the revamp, there would be considerable emphasis on upscaling cooperation under the renewable energy pillar by working on several projects and system-friendly practices in India’s renewable energy sector.
- US has offered to closely collaborate in realisation of renewable energy target of 450 GW by 2030 target by India.
Gas-based economy
- Gas Task Force to India-U.S. Low Emissions Gas Task Force was announced to forge collaboration between the U.S. and Indian companies on innovative projects to support India’s vision of a gas-based economy.
India energy modelling forum
- Both sides have initiated institutionalisation of India Energy Modelling Forum with the constitution of Six Task Forces for carrying out research and modelling in different areas.
PACE-R initiative
- Both sides agreed to expand the scope of the work to include smart grid and grid storage as part of the second phase of the Partnership to Advance Clean Energy (PACE)-R initiative.
NSO 77th Round Report: Situation of Agricultural households in India