‘India, ASEAN can work on regional policy framework for green energy transition’ – EQ
In Short : India and ASEAN can collaborate to develop a regional policy framework focused on green energy transition. By sharing best practices and resources, both regions can accelerate the adoption of renewable energy technologies and enhance energy efficiency. This partnership can address common challenges such as energy security and climate change, ultimately promoting sustainable development and fostering economic growth across member nations.
In Detail : SINGAPORE – India and ASEAN can work together to create a regional policy framework for green energy transition with increasing usage of small modular nuclear reactors, a senior official of Indian power sector regulator CERC has said.
According to Harish Dudani, Member, Central Electricity Regulatory Commission (CERC), the ASEAN (Association of Southeast Asian Nations) region provides a lot of opportunities for mutual cooperation to make low-carbon energy transition less disruptive.
“ASEAN countries, including India, are showing increasing interest in Small Modular Nuclear Reactors (SMRs) as part of their broader strategy to diversify energy sources and meet growing energy demand while reducing carbon emissions,” Dudani said at the ongoing Singapore International Energy Week.
India and ASEAN have the opportunity to work together on establishing a regional policy framework aimed at facilitating a green energy transition. This collaboration is vital in addressing shared environmental challenges and promoting sustainable development across both regions.
The partnership can focus on sharing best practices in renewable energy technologies, allowing member countries to learn from each other’s successes and challenges. By pooling resources and expertise, India and ASEAN can accelerate the adoption of clean energy solutions.
Energy security is a common concern for both India and ASEAN nations. Developing a cohesive policy framework can help address vulnerabilities in energy supply and promote diversification of energy sources, thereby enhancing resilience.
Climate change remains a pressing issue for the entire region. A joint effort in crafting policies aimed at reducing carbon emissions can contribute significantly to global climate goals. This collaborative approach can lead to innovative solutions that benefit both regions.
Additionally, fostering investment in renewable energy projects can create economic opportunities. By attracting funding and facilitating public-private partnerships, India and ASEAN can stimulate job creation in green sectors.
Capacity building will be essential in this partnership. Training programs and workshops can empower local communities and stakeholders, ensuring they are equipped to participate actively in the green transition.
Moreover, collaboration on research and development can lead to advancements in sustainable technologies. Joint initiatives can drive innovation and create scalable solutions tailored to the unique needs of each country.
In conclusion, a regional policy framework for green energy transition represents a significant step forward for both India and ASEAN. By working together, they can pave the way for a sustainable future, enhancing energy security and fostering economic growth while addressing climate change.
