India is going through remarkable transformation of its economy, says Australian Prime Minister, Auto News, ET Auto


Recently, at the first in-person Quad Leaders Summit, Premiers Narendra Modi and Morrison agreed on a number of initiatives, including the agreement to move forward with a low tech partnership. emissions.

Australian Prime Minister Scott Morrison said on Thursday that India was going through a remarkable transformation of its economy while discussing the partnership between the two countries on the new energy economy.

Speaking at an online briefing with Indian media, he said: “The ability to adopt technology on a commercial scale is key to a successful transition to the new energy economy. And India understands it. And India is going through a remarkable period. transformation of its own economy and genuinely seeks to develop its own energy economy into the future. ”

Recently, at the first in-person Quad Leaders Summit, Premiers Narendra Modi and Morrison agreed on a number of initiatives, including the agreement to move forward with a low tech partnership. emissions.

Australia’s approach to the new energy economy is going net zero over the next 30 years. With the vision to ensure that technologies allow economies to keep growing and developing, creating jobs and manufacturing things, Prime Minister Morrison said, “But, to do it in a way that is patient , which is sensible, which is practical, and therefore, to work together on technologies, I think, is one of the, one of the key partnerships that you can have to make sure that our two countries are able to get through this transition period. But, more than that, demonstrate that this is how you do it, that it’s not just about setting goals and doing these things. This is the way it matters. “

He said that such technology is not only for advanced economies, but is meant for the whole world. He also said that at the Quad meeting last week there was a lot of enthusiasm around the world regarding the new energy economy.

“I have no doubt, for trying to get our economies into this new energy economy, to get it into an economy that understands the impacts of carbon emissions,” Morrison added.

He said zero carbon energy technologies can be achieved and this is what the two premiers discussed at the Quad meeting.

“This is what the Prime Minister and I are very determined to achieve, a practical energy technology partnership that enables zero carbon energy technologies and even sub-zero carbon technologies and bridging technologies. , which really make it possible for all of us to do it, and we can actually achieve that goal. It can be done. It has been done many times in the history of the world, ”said Morrison.

He further reiterated that he and Prime Minister Modi share a passion for practicality regarding the transition of the two economies.

“And the low emissions technology partnership will particularly look at ultra low cost solar and hydrogen supply chains connecting India. And we see this as a great opportunity for both countries,” said the Prime Minister of Australia. .

Australia has long been an energy exporter to India. Morrison said it would continue, adding that on top of that a whole new line would open.

“Our comprehensive strategic partnership is getting more and more ambitious, and our trade ministers will meet, I believe, next week. Much further in a bilateral sense with India and Australia together. And the Prime Minister and me. let’s share this goal, ”said Morrison.

Speaking about the challenges of getting the right deal, he said, “We want the right deal for both countries. So we will continue to be patient on this and take the gains where we can take them and see this as a road that we are on and we will continue to add and add and add, I think. , by the strength of this comprehensive economic cooperation agreement that we are seeking. ”

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