ENA Sectors 2024-11-20 15:35:47 <p><span style="font-size:14px"><strong>New Delhi, Nov 20 (KNN)</strong> India and Australia have officially launched their Renewable Energy Partnership during the second India-Australia Annual Summit, held on the sidelines of the G20 Summit in Rio de Janeiro.</span></p> <p><span style="font-size:14px">The partnership, which emerged from discussions between Prime Minister Narendra Modi and his Australian counterpart Anthony Albanese, aims to enhance bilateral investment in renewable energy sectors.</span></p> <p><span style="font-size:14px">The framework encompasses cooperation in several priority areas, including solar photovoltaic technology, green hydrogen development, energy storage solutions, and workforce training for the renewable energy sector.</span></p> <p><span style="font-size:14px">Both nations emphasised their shared commitment to accelerating climate action through collaborative efforts and complementary capabilities.</span></p> <p><span style="font-size:14px">During the summit, the leaders also addressed defence and security cooperation, expressing their intention to strengthen the Joint Declaration on Defence and Security Cooperation in 2025.</span></p> <p><span style="font-size:14px">They agreed to develop a joint maritime security collaboration road map and continue reciprocal aircraft deployments to build operational familiarity.</span></p> <p><span style="font-size:14px">The two prime ministers reiterated their support for an open and stable Indo-Pacific region, emphasising the importance of maintaining freedom of navigation and overflight in accordance with international law, particularly the UN Convention on the Law of the Sea.</span></p> <p><span style="font-size:14px">Modi highlighted the ongoing collaboration between the two nations in promoting regional peace and stability.</span></p> <p><span style="font-size:14px">On bilateral relations, both leaders welcomed the opening of new diplomatic missions - the Australian Consulate-General in Bengaluru and the Indian Consulate-General in Brisbane.</span></p> <p><span style="font-size:14px">The expansion of diplomatic presence is expected to strengthen trade, investment, and cultural ties between the two nations.</span></p> <p><span style="font-size:14px">According to recent data, the Indian diaspora represents the second largest and fastest-growing community in Australia, with approximately 976,000 people of Indian ancestry recorded in the 2021 census.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39980 https://knnindia.co.in/news/newsdetails/sectors/india-and-australia-launch-renewable-energy-partnership-at-g20-summit 2024-11-20 15:35:47 knnindia.co.in