4th India – Australia Energy Dialogue

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