Canberra: Australian Prime Minister Scott Morrison on Thursday said that India is going through a remarkable transformation of its economy while talking about the partnership between the two countries on new energy economy.
While speaking during an online briefing with Indian media, he said, “The ability to take up technology at a scale that is commercial is the key to successfully transitioning to the new energy economy. And India understands that. And India is going through a remarkable transformation of its own economy and looking to actually transition its own energy economy into the future.”
Recently, in the first in-person Quad Leaders’ Summit, both Prime Ministers Narendra Modi and Morrison agreed on a number of initiatives, including the agreement to go forward with a low emissions technology partnership.
Australia’s approach to the new energy economy is transitioning to net zero over the next 30 years. With the vision to ensure technologies enable economies to continue to grow and develop and create jobs and make things, PM Morrison said, “But, to do that in a way that is patient, which is sensible, which is practical, and so, working together on technologies, I think, is one of the, one of the key partnerships that you can have to ensure that both of our countries are able to go through this transition period. But, more than that, demonstrate that this is how you do it, that this isn’t just about setting targets and doing these things. It’s the how that matters.”
He said that zero-carbon energy technologies can be achieved and that is what both prime ministers discussed at the Quad meeting.
“That’s what the Prime Minister and I are very committed to achieving, a practical energy technology partnership that enables zero-carbon energy technologies and even sub-zero carbon technologies and transition technologies, that actually enable us all to get there, and we actually can achieve this.
This can be done. It’s been done many, many times in world history,” said Morrison.
He further reiterated that both he and PM Modi share a passion on the practical when it comes to transitioning both economies.
“And the low emissions technology partnership will particularly look at ultra low cost solar and hydrogen supply chains linking into India. And we see that as a big opportunity for both countries,” said Australian PM.
Australia has long been an energy exporter to India. Morrison said that this will continue, adding that in addition to that, a whole new line will open up.