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India and Australia on Environment Conservation partnership

  • Published
    9th Dec, 2022
Context

In the Energy Summit 2022, organised at IIT Madras, the Australian Consul General for South India mentioned the cooperation between India and Australia to ensure a clean and sustainable environment for future generations as part of a comprehensive strategic partnership initiative.

Australia - India Centre for Energy' (AICE):

  • It was launched during the Summit.
  • It would work towards achieving UN Sustainable Development Goal 7, which seeks to ensure access to affordable, reliable, sustainable and modern energy for all and also specifically in strategic areas such as critical minerals, clean technology, education and innovation.
  • India and Australia’s partnership is important to power the global transformation to a low-carbon future.

Australian Parliament has recently passed the Climate Change Act which demonstrated Australia's commitment to a stable investment environment for renewable energy and zero emissions technology investment.

An important collaboration between India and Australia

  • Economic Cooperation and Trade Agreement (ECTA): The recently-signed Economic Cooperation and Trade Agreement (ECTA) would further facilitate the sharing of low-emissions technological resources, as well as the critical minerals that play an important part in transitioning towards a net zero target.
  • For Minerals: The MOU on Cooperation in the field of Mining and Processing of Critical and Strategic Minerals identifies specific areas where both sides will work together to meet the technological demands of the future economy.
  • For Energy Transitions: India and Australia jointly decided to progress their Energy Dialogue, which will further cooperation in areas such as pumped hydro storage, cost-effective battery technologies, hydrogen and coal gasification, adoption of clean energy technology, fly ash management technologies, and solar forecasting and scheduling.

Climate Targets

India

India has reiterated its commitment towards achieving the net zero target by 2070 and had also approved an updated plan to reduce carbon emissions by 25 per cent by 2030. 

Australia

Australia is now one of 22 countries to enshrine our emissions reduction target into law. Australia's increased target is to reduce greenhouse gas emissions by 43 per cent by 2030. 

 

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