Fifth India-U.S Energy Summit To Focus On Renewable Energy

WASHINGTON:  Renewable energy and energy security would be the focus of the two-day annual India-U.S Energy Summit to be held in Washington next month.

Noting that energy security is critical for both the U.S and India, Dr R K Pachauri, president of The Energy and Resources Institute, North America (TERI), said the two countries must work together, both in energy security as well as on policy fronts, so as to bring in some positive changes.

The two-day event from September 30, being organised by TERI and Yale University, is likely to be attended by top officials and energy experts from both the countries.

Prime Minister Narendra Modi, who is expected to be in the city to meet President Barack Obama, has been invited to address the meeting in energy, a subject close to his heart.

According to a TERI statement, the focus of the Summit will be on bilateral cooperation in the energy sector and related areas.

"Energy security is critical for both the U.S and India," Pachauri said.

"The recent geo-political developments in the region from where we import the bulk of our oil, can lead to a drastic increase in oil prices. The devaluation of the rupee has added to the crisis. But I am confident that we are on the cusp of change in the use of our renewable energy resources," he said.

"We should be investing more on renewable energy sources in the coming years. India and the U.S must work together, both in energy security as well as on policy fronts, so that we can bring in some positive changes," Pachauri said.

Hosted annually since 2009 by TERI North America and Yale University, the fifth U.S-India Energy Partnership Summit will broadly look at 'Accelerating Resilient Growth and Development', while addressing various issues related to energy efficiency, security, access and technology.

Stakeholders from various sectors will discuss new collaborations in clean technologies and renewable energy, green buildings and sustainable cities, decentralized energy access, alternatives such as shale gas, etc.

Climate change will also form a key component of the discussions, with the proceedings at the General Assembly and Climate Summit providing significant inputs to the Summit deliberations, the statement said.

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