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The Morning Brief
Energy, Electrification, Environment with US’ Deputy Secretary
Sep 12, 2024
David Turk, the U.S. Deputy Secretary of Energy, sheds light on the crucial India-U.S. partnership in renewable energy as they advance initiatives like the Renewable Energy Technologies Action Platform. He discusses cutting-edge developments in clean hydrogen and energy storage, emphasizing the significance of public-private investments. Turk highlights the impact of the Inflation Reduction Act on job creation and emissions reduction, while also addressing the geopolitical tensions affecting global oil prices and the shift toward sustainable energy.
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Quick takeaways
- The India-U.S. Renewable Energy Technologies Action Platform enhances bilateral cooperation in renewable technologies, emphasizing joint research, technology sharing, and skill development to combat climate change.
- The Inflation Reduction Act has driven over $200 billion in private investments in U.S. clean energy, creating opportunities for partnerships with India to further sustainable practices.
Deep dives
India-US Renewable Energy Cooperation
The India-US renewable energy technologies action platform, launched a year ago at the G20 summit, represents a significant step towards enhanced bilateral energy collaboration. The platform emphasizes joint research, technology sharing, and skill development in renewable technologies, reflecting both nations’ commitment to addressing climate change and advancing clean energy solutions. Historical collaborations, such as the Partnership to Advance Clean Energy (PACE) program initiated in 2009, highlight the long-standing relationship that has resulted in substantial investments, including a $3.8 billion funding initiative from the US International Development Finance Corporation. This collaboration aims to not only tackle renewable energy challenges but also encourage infrastructure advancements in India while aligning with US energy goals.
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Discover
highlights
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