Strengthening the Australia-India Renewable Energy Partnership for Global Supply Chain Resilience
Australia's Minister for Climate Change and Energy, Chris Bowen, visited Delhi to advance the India-Australia Renewable Energy Partnership (REP). The partnership focuses on scaling up renewable energy while reducing dependence on China, which currently dominates the processing of critical minerals like lithium and rare earths. India offers scale and a young demographic dividend, while Australia provides resource wealth. Cooperation areas include solar PV, green hydrogen, and circular economy. The partnership aims to build a resilient, regionally anchored clean energy ecosystem to mitigate climate change impacts in the Indo-Pacific and ensure energy security through diversified supply chains.
Key Points
- The partnership aims to diversify supply chains for critical minerals like lithium, cobalt, and rare earths.
- India has pledged to reach 500 GW of non-fossil electricity capacity by 2030.
- Australia recently set a target for a 62%-70% reduction in emissions below 2005 levels by 2035.
- China currently refines over 90% of rare earth elements and produces 80% of global solar modules.
Exam Facts
- India's 2030 target: 500 GW non-fossil capacity
- China refines over 90% of rare earth elements
- Australia's 2035 emission reduction target: 62%-70%
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