US-India Strategic Partnership Forum (USISPF) and our member companies recently participated in the US-India Energy Roundtable chaired by the Honorable Minister, H.E. Mr. Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas and Housing and Urban Affairs and HE Secretary Jennifer M. Granholm, the U.S. Secretary of Energy.
The U.S.-India Strategic Clean Energy Partnership is a collaborative effort between the governments, private sector, and other stakeholder efforts to advance energy security, clean energy innovation, and decarbonization efforts to support the energy transition while ensuring clean energy access.
The dialogue brought together senior executives of leaders from both the private sector and public sector across the United States and India to take stock of the bilateral partnership and discuss avenues for private sector contribution towards India’s energy security and energy transition, under the Strategic Clean Energy Partnership framework.
The U.S.-India energy partnership plays a crucial role in the broader relationship between the two largest democracies of the world. Against the backdrop of India’s G20 presidency and recently concluded U.S.-India Strategic Partnership (SCEP) Dialogue, the discussions served to best understand how the private sector in both countries can work collaboratively with both governments and highlighted incredible opportunities in India’s energy sector, especially in the oil and gas, emerging fuels, and energy transition space.
Both countries have underscored the critical importance of bilateral clean energy engagement and the achievements of the SCEP in being able to strengthen energy security, create new opportunities for clean energy innovation, tackle climate change and create employment in the clean energy sector.
There is a growing energy trade between the two largest democracies as both Washington and New Delhi work towards their renewed commitment to sustainable energy transition, as the countries prioritize access to reliable, affordable, and clean energy supply across nations.
Energy leaders from both countries discussed decarbonization of the energy sector, energy security, and economic growth through the lens of the green hydrogen economy.
The panel explored the challenges and opportunities seen by the two diverse economies and discussed navigating the path from a subsidy-supported sector to a fully matured and sustainable hydrogen economy.
Both the U.S. and India are working towards the importance of promoting energy access, affordability, and energy justice in both countries, with a view to the development of net zero villages in India.
Both President Biden and Prime Minister Modi will meet again on the sidelines of the G20 in September as clean energy will be a core priority at the summit.