4th India – Australia Energy Dialogue

  • IASbaba
  • February 16, 2022
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4th India – Australia Energy Dialogue

Part of: Prelims and GS-III- Energy

Discussion Points: 

  • The ongoing Energy Transition activities in their respective countries with focus on renewables, energy efficiency, storage, EVs, critical minerals, mining etc. 
  • Need of Climate Finance was also highlighted by India for meeting the Energy Transition goals of developing countries.

A Letter of Intent between India and Australia on New and Renewable Energy Technology was signed during the Dialogue. 

  • Pave the way for working towards reducing the cost of new and renewable energy technologies
  • Scaling up deployment in order to accelerate global emissions reduction. 
  • Focus of this LoI: Scaling up manufacture and deployment of ultra-low-cost solar and clean hydrogen.

Other areas of cooperation:

  • There is an urgent need to focus on advancing technology and clean energy transition. Energy efficiency technologies
    • Grid management
    • R&D collaboration on flue gas desulphurisation, biomass or hydrogen co-firing
    • Water cycle optimization
    • enewables integration
    • Batteries
    • Electric mobility
  • Apart from the power sector, there are many desirable areas of cooperation agreed under 
    • Reducing costs of Green Hydrogen
    • Cooperation in sphere of coal-based energy security and resource deployment
    • Investment opportunities in the minerals sector
    • Exploring potential for an LNG Partnership

News Source: PIB

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