View: Take US-India energy cooperation to the next level
Quick on the heels of President Donald Trump’s visit, India and the US need to step up their strategic energy partnership and shore up efficiency gains across the board. The way forward is to aim for paradigm-shifting change in the domain of energy.
The joint statement does mention of the agreement to ‘expand energy and innovation linkages across respective energy sectors’.
On specifics, heightened US natural gas supplies to India and the call to firm up six nuclear power reactors from the US are in the pipeline. Also, the US International Development Finance Corporation has announced $600 million funding for renewable energy in India. But, surely, we can do much more. Both countries need to jointly, and innovatively, seek to shore up efficiency improvement and productivity gains, and to policy-induce transformation in the energy economy.
