India and the United States (US) have agreed to revise the India-US Strategic Energy Partnership (SEP). The revised SEP will have a greater focus on promoting clean energy with low-carbon pathways & accelerating green energy cooperation.
- On March 29, 2021, An Introductory meeting was held between Dharmendra Pradhan, Union Minister for Petroleum & Natural Gas (MoPNG) & Jennifer Granholm, U.S. Secretary of Energy.
- The two sides will accelerate efforts to take advantage of advanced U.S. Technologies & India’s rapidly growing energy market.
- Both sides agreed to hold the Third meeting of a revised India-U.S. Strategic Energy Partnership at an early date (1st Meeting took place in 2018, while the 2nd meeting took place in 2020).
- The focus areas of the partnership will be Biofuels, CCUS (Carbon Capture, Utilisation & Storage), hydrogen production and carbon sequestration through technology exchange.
- The two sides will also conduct joint Research & Development through Partnership to Advance Clean Energy Research (PACE-R) among other initiatives.
India-US Strategic Energy Partnership (SEP)
i.It was established in April 2018 at the direction of then-President Donald J. Trump & Prime Minister Narendra Modi.
ii.SEP organizes interagency engagement across 4 primary pillars of cooperation. They are
- Power and Energy Efficiency
- Oil and Gas
- Renewable Energy
- Sustainable Growth
iii.The US-India Partnership to Advance Clean Energy-Research (PACE-R) on smart grids and energy storage to increase resilience and reliability of the electric grid.
Recent Related News:
i.On July 17 2020, India & US conducted the 2nd ministerial meeting of the U.S-India Strategic Energy Partnership (SEP) virtually to review progress, highlight major accomplishments, and prioritize new areas for cooperation.
About United States (US)
President– Joe Biden
Capital– Washington, D.C.
Currency– United States Dollar (USD)