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DAILY NEWS ANALYSIS
19 July, 2020
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GS-Paper-2 India and the USA
Recently, India and the USA have participated in a virtual ministerial meeting of the U.S.-India Strategic Energy Partnership (SEP) to review progress, highlight major accomplishments, and prioritize new areas for cooperation.
The SEP was established in April 2018 whose objective is to encourage meaningful engagements through robust government-to-government cooperation and industry engagement. The next Ministerial meeting will be held in 2021.
Description: The SEP organizes inter-agency engagement on both sides across four primary pillars of cooperation:
The SEP also supports USA efforts under the AsiaEDGE initiative, which establishes India as a strong energy partner in the Indo-Pacific region.
Major Outcomes: The number of achievements and priorities for new work under the SEP were announced by both sides. These can be broadly segregated under the four primary pillars of cooperation, as given below:
1. Power and Energy Efficiency:
**sCO2 is a fluid state of carbon dioxide where it is held at or above its critical temperature and critical pressure.
2. Oil and Gas: A Memorandum of Understanding (MoU) was signed to begin cooperation on Strategic Petroleum Reserves operation.
3. Renewable Energy: Both sides launched a public-private Hydrogen Task Force to help scale up technologies to produce hydrogen from renewable energy and fossil fuel sources and to bring down the cost of deployment for enhanced energy security and resiliency.
4. Sustainable Growth: The best practices are being adopted through methodologies in energy data management and capacity building in energy modelling.
Source: PIB
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