India, US for stable, diversified clean energy supply chain: Joint statement

economictimes.indiatimes.com:

clean energy supply chain to minimize risks and uncertainties, the two sides said in a joint statement after the meeting of their energy ministers. Oil minister Hardeep Puri and US energy secretary Jennifer Granholm met in New Delhi on Tuesday to review the progress under the U.S.-India Strategic Clean Energy Partnership (SCEP).

“The sides also underscored the importance of a stable, sustainable, diversified, resilient, and globally responsible clean energy supply chain to enable energy transition pathways while minimizing risks and uncertainty,” the two sides in the joint statement. The Covid-led trade disruption and the growing geopolitical tensions have prompted a relook at the global supply chain, with several countries wanting a more resilient and reliable supply network.

The US, Europe, India, and some other countries have brought in new policies and subsidies to take a significant share in the clean energy trade, which is expected to explode and is currently dominated by China. Indian and the US energy ministers also acknowledged that successfully achieving ambitious climate and clean energy aspirations necessitates coordinated efforts on the development of energy transition roadmaps, capacity building, job skilling, and sharing of best practices at all levels of government, according to the statement.

The two sides agreed to work toward the development of net zero villages in India. The two countries “recognized the importance” of the «Electric Vehicle (EV) financing services facility» which will create dedicated funds for e-mobility, per the statement.