U.S.-India Dialogue on Sustainable Energy Security
India and the United States have tremendous opportunity for cooperation in the domain of clean technologies to ensure sustainable energy security for both countries. A joint report by the Atlantic Council and CII released today, ahead of US President Barack Obama’s India visit in November, suggests that expanding cooperation will be essential to overcoming energy shortages in the coming decades.
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Numerous opportunities for cooperation are identified in the report; both countries should establish an umbrella Memorandum of Understanding (MoU) that covers all promising clean energy technologies such as clean coal technologies, bio-fuels, hydrogen/fuel cells and renewables.
“Given complementary strengths of India and the US, mutually advantageous co-operation in clean technology domain should be strengthened that can help both countries meet the common goals of energy security and climate change mitigation”, says Mr. Suresh Prabhu, Chairman, Council on Energy, Environment and Water (CEEW) & Former Minister of Power, Government of India; Co-chair of the US-India Dialogue on Sustainable Energy Security from the Indian side.
Promotion of innovation and technical collaboration is needed in all key energy sectors. Momentum for R&D should be maintained by funding and organizing specific projects and programs in the identified areas of Second generation bio-fuels, Clean coal technologies, Sustainable transportation, Wind energy, Micro-hydro, Advanced Biomass, Solar and other renewable energy technologies.
The report also stresses the need for maintaining a favorable investment climate by opening domestic markets to international expertise and capital, removing limitations on foreign investment in new technologies and service companies, strengthening intellectual property protection for Indian and US products and processes, and sharing experiences in developing effective programs and policies.
“Clean Technology Innovation Hubs could be established through Indo-US co-operation, wherein multidisciplinary teams would undertake high-risk – high-rewards projects to exploit the full potential of promising technologies and also to encourage innovation”, says Gen Richard Lawson, Vice-Chairman, Atlantic Council; Co-chair of the US-India Dialogue on Sustainable Energy Security from the US side.