India's handling of energy-related issues quite impressive: US
"I was even more impressed that a lot of the tools we have and the ways we go about it in the US are complementary to the way India goes," the deputy energy secretary said.
India's handling of energy-related issues, including the current challenges and those futuristic in nature, is quite impressive, said a top Joe Biden Administration official and stressed that India-US energy dialogue is renamed energy action.
At a round-table held on the sidelines of the Global Clean Energy Action Forum here, US Deputy Energy Secretary David Turk said hydrogen is a key area of investment for the Indian government as well as the US.
The United States on Thursday announced a USD 8 billion investment in the hydrogen sector.
"We should rename (India-US) energy dialogue as energy action, but even more important is to roll up our sleeves and get to work on all of these technology areas. We're doing a lot of work on our grids, India is doing a lot of work," Turk said.
India's Science and Technology Minister Jitendra Singh is leading the Indian delegation to Global Clean Energy Action Forum being attended by leaders from around the world.
At the panel discussion 'The US India Strategic Clean Energy Partnership: Global Lessons and Opportunities' organized by the US India Strategic and Partnership Forum and Observer Research
Form America, Turk said the two countries not only complement each other in the field of energy but also can work together in addressing energy-related challenges in other parts of the world and Africa in particular.
"When I was in India last, I was very impressed both by the fact that the issues and the technologies that India is leaning into as part of its clean energy transition and clean energy future are a lot of the same technologies that were leading into," he said.
"I was even more impressed that a lot of the tools we have and the ways we go about it in the US are complementary to the way India goes," the deputy energy secretary said.
Turk said Mission Innovation was launched as a result of the Indian leadership and the name itself was coined by Prime Minister Narendra Modi.
Ajay Mathur, Director General of International Solar Alliance, asserted that hydrogen is the key to solving energy problems.
"We need to make these kinds of transitionary investments viable and we have to increase in scale so that they become the norm by the end of the decade," he said.
Deputy Secretary of State for Energy Anna Shpitsberg said a lot of work needs to be done by the US and India in particular in the financing field.
Varun Sivaram, senior advisor to US Special Presidential Envoy for Climate John Kerry as his senior director for clean energy, innovation, and competitiveness, said India and the US need to collaborate to make sure that what America develops is translated and implemented at a mass level in India and bring the costs down.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
12:47 PM IST