India and the United States have called for a stable, diverse, and globally responsible clean energy supply chain to reduce risks and uncertainties, according to a joint statement issued following a meeting of their energy ministers.
On July 18, Oil Minister Hardeep Puri and US Energy Secretary Jennifer Granholm met in New Delhi to review the status of the US-India Strategic Clean Energy Partnership (SCEP).
"The parties also emphasised the importance of a stable, sustainable, diverse, resilient, and globally responsible clean energy supply chain to enable energy transition pathways while minimising risks and uncertainty," the two parties said in a joint statement.
The Covid-led trade disruption, as well as rising geopolitical tensions, have prompted a rethinking of the global supply chain, with several countries desiring a more resilient and dependable supply network. The United States, Europe, India, and other countries have implemented new policies and subsidies in order to gain a significant share of the clean energy trade, which is expected to boom and is currently dominated by China.
According to the statement, the Indian and US energy ministers also acknowledged that achieving ambitious climate and clean energy goals requires coordinated efforts at all levels of government on the development of energy transition roadmaps, capacity building, job skilling, and sharing of best practises. The two parties agreed to collaborate on the creation of net zero villages in India.