India and Australia Strengthen Renewable Energy Partnership

On 19th November 2024, Prime Minister Narendra Modi and Australian Prime Minister Anthony Albanese announced a strengthened India-Australia partnership, focusing on renewable energy, defence, and comprehensive economic cooperation.

Key Points

Renewable Energy Partnership (REP): The two leaders launched the Renewable Energy Partnership, a framework for cooperation in solar energy, green hydrogen, energy storage, and related investments.
Economic Cooperation: Both leaders expressed commitment to advancing a Comprehensive Economic Cooperation Agreement (CECA), building on the Economic Cooperation and Trade Agreement (ECTA) signed in 2022.
Defence & Security: They agreed to a long-term vision for enhanced defence and security collaboration, with a focus on contributing to regional peace and stability.
The Joint Declaration on Defence and Security Cooperation will be renewed in 2025.
Strengthening Bilateral Ties: Areas of cooperation include critical minerals, shipbuilding, space exploration, sports, and the defence industry.
Indo-Pacific Focus: Both leaders reaffirmed their commitment to a stable, open, and prosperous Indo-Pacific region, with a strong focus on peace and dialogue.