Australia Comes Closer To India To Accomplish Its Zero Emission Promise
Last updated on October 26th, 2022 at 10:17 am
Australia is moving one step forward in its relationships with the Quad group. India is one such significant partner in this transition of trade partnerships under which, it has signed a letter of intent (LoI) with Australia. The LoI will usher in an era of new and renewable energy technology aimed at scaling up manufacturing and deployment of ultra, low-cost solar and clean hydrogen.
Australia has been seen as the last performer in the race of meeting the zero-emission targets set at the Paris Agreement talks. Its sole dependency on coal and its heavy export has been hit, since carbon emissions were made as a climate crisis that the world has to wake up to. There is a zero-emission target to be met by the end of 2030 worldwide.
For India too, this alliance is going to prove to be a win-win situation. The agreement has been signed between India and Australia during the 4th India – Australia Energy Dialogue held recently. The dialogue was co-chaired by Union Minister for Power and New & Renewable Energy, R.K. Singh the Australian Minister for Energy and Emissions Reduction, Angus Taylor.
The co-chairs of the five joint working groups under the India–Australia Energy Dialogue comprised Power, New & Renewable Energy, Coal & Mines, Critical minerals and Oil & Gas. They all presented the progress made so far and the forward action plan under the respective working groups.
Energy Transition was a major area of discussion in the dialogue and both the Energy Ministers spoke in detail about the ongoing Energy Transition activities in their respective countries with focus on renewables, energy efficiency, storage, EVs, critical minerals, mining etc. The need of climate finance was also highlighted by India for meeting the Energy Transition goals of developing countries,” said the statement.