The minister for power and new and renewable energy chaired the fourth India – Australia Energy Dialogue which was held on February 15, 2022. …
The major area of discussion in the dialogue was energy transition with focus on renewableenergy (RE), energy efficiency, storage, electric vehicles (EV), critical minerals, mining etc. The need of climate finance was also highlighted for meeting the energy transition goals of developing countries. A letter of intent (LoI) was signed between India and Australia on new and RE technology to work towards reducing the cost of these technologies and scaling up deployment in order to accelerate global emissions reduction. The focus of this LoI will be scaling up manufacture and deployment of ultra-low-cost solar and clean hydrogen. The action plan agreedincludes areas like energy efficiency technologies; grid management; research and development collaboration on flue gas desulphurisation, biomass or hydrogen co-firing, water cycle optimisation, renewables integration, batteries and electric mobility.