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Indo-US Energy Co-operation

Indo-US Energy Co-operation

United States Secretary of Energy Dr. Ernest Moniz (L) and Sumant Sinha, Founder, Chairman, and CEO of ReNew Power Ventures Pvt. Ltd. (R) in Mumbai on March 13, 2014. (Asia Society India Centre)

Mumbai, 13 March, 2014 — Asia Society India Centre hosted Dr. Ernest Moniz, United States Secretary of Energy and Sumant Sinha, Founder, Chairman and CEO, Renew Power Ventures Pvt. Ltd. for a programme titled, "U.S.-India Energy Cooperation: Partnering to Meet Energy Needs"

The discussion focused on how the United States and India are working together to meet energy needs as demand for affordable and cleaner energy grows. It also touched upon best practices and technologies in the evolving world of energy. As two of the largest economies in the world, the United States and India have important roles to play in the context of global energy security.

Secretary Moniz began by emphasising the U.S.’ “all-of-the-above” energy strategy, stating that it was “working,” in the sense that the current energy revolution “has seen the economy go up, it has further enhanced energy security, it has had global implications in terms of energy market structure, [and] it has led to significant reduction of carbon dioxide emissions, essentially on track to meet, or come very close to, the President’s objective of a 17% reduction in emissions by 2020.” He stressed the crucial role of the private sector in any and all attempts at energy restructuring.

On the issue of U.S.-India energy cooperation, Secretary Moniz emphasized that the two countries share similar agendas, with India having “a very all-of-the-above approach as well.” The Secretary emphasized that “the interactions are multi-lateral,” with the energy dialogue between the two being “very, very strong.” He also made clear that he was “very impressed” by the specificity of progress in real energy projects between the US and India.

In the subsequent conversation, Sumant Sinha posed questions on issues of cooperation in regards to renewable energy and energy infrastructure. Secretary Moniz emphasized the need for continued dialogue and cooperation in the areas of technology and best practices.

Reported by Uditinder Thakur, Programme Assistant, Asia Society India Centre.

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March 13, 2014
by Radha Venkatraman