financetom
Technology
financetom
/
Technology
/
Top EU official pushes for greater India cooperation on green energy transition, technology
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Top EU official pushes for greater India cooperation on green energy transition, technology
Mar 1, 2023 2:59 PM

Citing strategic interests by supplier countries like Russia and China, a top EU official urged European nations to go for greater cooperation with India in green energy transition and technology, which was inclusive and socially just.

Josep Borrell, High Representative of the Union for Foreign Affairs and Security Policy, called for a long-term partnership with India in coordination with the G7 countries and highlighted the need for affordable and alternative ways of producing energy, emphasizing that the transition must be socially just in order to be successful.

"We are determined to make the green energy transition inclusive and socially just. The transition has to be just or it will not happen. If it is not just,

He called for increased energy cooperation between the EU and India on solar energy, green hydrogen, and offshore green energy, and stressed the importance of outreach towards the private sector in both regions. He suggested that a long-term partnership between the EU and India, in coordination with the G7 countries, could be mutually beneficial.

"We were dependent by 40% of from gas imports from Russia, and for some member states by 100%. We have learned that the supplier can have strategic intentions and that the nature of the regime of the supplier matters. We have had to take important steps in order to free ourselves from these dependencies – and we succeeded," he said.

"And I think that in this geopolitical setting,

"This will be mutually beneficial and a long-term partnership with India in coordination with the G7 countries," he said.

Borrell also highlighted the rise of non-US companies in the technological race and emphasised the importance of collaboration with India in critical raw materials and digital initiatives.

He mentioned four companies that are becoming the masters of the technological future, namely Taiwan Semiconductor Manufacturing Company Limited (TSMC) from Taiwan, SML from the Netherlands, BYD and CATL from China and stated that these companies are critical for the production of semiconductors, which are necessary for many devices and machines. Taiwan and South Korea will dominate the industry of semiconductors, he noted.

Borrell pointed out that the European Union imports 85% of all semiconductors that it uses, making access to and control of critical raw materials key in the future.

He also mentioned the need for materials like lithium, cobalt, and rare earth for batteries and magnets for turbines for the green transition, which are physically located in a limited number of countries.

Borrell stressed the interest in deepening collaboration with India in a number of ongoing digital initiatives to deliver tangible results.

The call for collaboration comes as the EU and India look to strengthen their strategic partnership and engage in discussions on a wide range of issues, including digital transformation and green transition. The EU has also announced plans to increase its strategic autonomy in the field of technology and to reduce its dependence on other countries.

Also read:

India-EU FTA would be a ‘game changer,’ EAM Jaishankar says, launches sustainability conclave

(Edited by : Pradeep John)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
INX Announces Strategic Collaboration with Albert Invent to Unlock AI-Powered Innovation Across Its R&D Operations
INX Announces Strategic Collaboration with Albert Invent to Unlock AI-Powered Innovation Across Its R&D Operations
Jun 9, 2026
SCHAUMBURG, Ill. & OAKLAND, Calif.--(BUSINESS WIRE)-- INX International Ink Co., a leading global manufacturer of inks and coatings, and chemistry AI company Albert Invent today announced a strategic collaboration to digitally transform INX’s research and development operations and enable AI-driven formulation discovery. The collaboration will see INX deploy Albert Invent’s operating system across its R&D organization to capture experimental knowledge,...
Nimbus-T® Global and Carahsoft Partner to Deliver Identity-First Zero Trust Security to Government Agencies
Nimbus-T® Global and Carahsoft Partner to Deliver Identity-First Zero Trust Security to Government Agencies
Jun 9, 2026
ORINDA, Calif., and RESTON, Va., June 09, 2026 (GLOBE NEWSWIRE) -- Nimbus-T® Global Inc., the developer of the Nimbus-Key® ID identity security platform, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as Nimbus-T® Global’s Master Government Aggregator®, making Nimbus-Key® ID available to Federal, State and Local Government agencies through Carahsoft’s reseller...
Tanium Named a Leader in Endpoint Management Platforms by Independent Research Firm
Tanium Named a Leader in Endpoint Management Platforms by Independent Research Firm
Jun 9, 2026
Tanium’s Autonomous IT Platform receives highest possible score across 15 criteria including Vision, Innovation, and Adoption EMERYVILLE, Calif.--(BUSINESS WIRE)-- Tanium, a leader in Autonomous IT, today announced it has been named a Leader in The Forrester Wave™: Endpoint Management Platforms, Q2 2026, receiving the highest possible score in 15 criteria including Vision, Innovation, and Adoption. The recognition comes as...
Lantronix to Participate in Rosenblatt’s 6th Annual Technology Summit – The Age of AI
Lantronix to Participate in Rosenblatt’s 6th Annual Technology Summit – The Age of AI
Jun 9, 2026
IRVINE, Calif., June 09, 2026 (GLOBE NEWSWIRE) -- Lantronix Inc. ( LTRX ) , a global provider of Edge AI and Industrial IoT solutions powering NDAA-compliant unmanned systems, critical infrastructure and resilient enterprise networks, today announced its participation in Rosenblatt’s 6th Annual Technology Summit – The Age of AI, a virtual event taking place June 9-10, 2026. Panel Discussion –...
Copyright 2023-2026 - www.financetom.com All Rights Reserved