PM Modi, Albanese launch India-Australia Renewable Energy Partnership at G20 summit
PM Modi and Australian PM Albanese Launch Renewable Energy Partnership
Meeting at the G20 Summit in Brazil
Prime Minister Narendra Modi of India and Prime Minister Anthony Albanese of Australia met in Rio de Janeiro, Brazil, during the G20 summit. They launched a new Renewable Energy Partnership to enhance investment between the two countries.
Details of the Partnership
The partnership focuses on solar PV, green hydrogen, and energy storage. It aims to boost two-way investment in renewable energy projects and improve skills training for the renewables workforce.
Statements from the Leaders
Australian PM Albanese expressed excitement about the partnership, calling it a significant milestone. PM Modi highlighted the increased trade and cooperation between India and Australia, noting a 40% increase in bilateral trade since the Economic Cooperation and Trade Agreement (ECTA) came into effect.
Future Cooperation
PM Albanese accepted an invitation to the QUAD Leaders' Summit in India in 2025. Both leaders emphasized their commitment to the Quad's efforts in addressing global challenges and enhancing security and infrastructure in the Indo-Pacific region.
Other Meetings
Earlier, PM Modi also met with the Presidents of Chile and Argentina during the G20 Summit.
Doubts Revealed
PM Modi
PM Modi is the Prime Minister of India. His full name is Narendra Modi, and he has been the leader of India since 2014.
Australian PM Albanese
Australian PM Albanese is the Prime Minister of Australia. His full name is Anthony Albanese, and he became the Prime Minister in 2022.
Renewable Energy Partnership
A Renewable Energy Partnership is an agreement between countries to work together on using energy sources that can be replenished, like solar and wind, instead of fossil fuels like coal and oil.
G20 Summit
The G20 Summit is a meeting of leaders from 20 major economies around the world. They discuss important global issues like the economy, climate change, and trade.
Solar PV
Solar PV stands for Solar Photovoltaic. It is a technology that converts sunlight directly into electricity using solar panels.
Green Hydrogen
Green Hydrogen is a clean fuel made using renewable energy sources like wind or solar power. It can be used to power vehicles and industries without causing pollution.
Energy Storage
Energy Storage refers to saving energy for later use. It helps store electricity generated from renewable sources so it can be used when the sun isn't shining or the wind isn't blowing.
India-Australia Economic Cooperation and Trade Agreement
This is an agreement between India and Australia to make trading goods and services easier between the two countries, helping both economies grow.
QUAD Leaders' Summit
The QUAD Leaders' Summit is a meeting of leaders from four countries: India, Australia, Japan, and the United States. They discuss ways to work together on issues like security and economic growth.
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