Fostering Australia-India Clean Energy Collaboration: Insights and Opportunities
Key Ideas
- Australia and India are enhancing clean energy collaboration through trade agreements and partnerships, focusing on sectors like solar and hydrogen.
- The Renewable Energy Partnership between the two countries has facilitated business collaborations in solar, storage, and green infrastructure.
- Australian investments in India's renewable energy sector, supported by initiatives like the Australia-India Business Exchange, aim to deepen trade ties and promote sustainability.
- Collaboration on critical minerals ensures a secure supply chain for clean energy, with a focus on refining capabilities and manufacturing partnerships.
Nathan Davis, Trade and Investment Commissioner at Austrade, discussed the flourishing collaboration between Australia and India in the clean energy sector. Key agreements shaping this cooperation include the AI-ECTA and the New Roadmap for Australia’s Economic Engagement with India, which emphasizes growth areas like clean energy. The Renewable Energy Partnership has boosted business engagements, with Australian companies exploring opportunities in India for solar, hydrogen, storage, and infrastructure projects. The Australia-India Business Exchange and strategic focus on critical minerals aim to strengthen trade relations and sustainability efforts. Australia's Critical Minerals Strategy promotes international investments in exploration and processing, aligning with India's renewable energy goals. The Quad partnership, involving Australia, India, Japan, and the US, advances clean energy collaboration and innovation. Leveraging education collaborations, over 20 Australian institutions are engaging in renewable energy skill development in South Asia, anticipating a rise in demand for skilled professionals.