India, Germany discuss energy security, carbon markets

NEW DELHI: India and Germany on Wednesday discussed ways to strengthen cooperation in energy security, electrification, low-carbon development and carbon markets during a meeting between power minister Manohar Lal and German environment minister Carsten Schneider.The two ministers also discussed diversification of energy supply chains as both countries look to reduce vulnerabilities in a changing global energy market.Power ministry said the meeting focused on areas where the two countries can work together on the transition to cleaner energy while ensuring reliable and affordable electricity.“Both ministers agreed that energy security, low carbon development and carbon markets are deeply interlinked, and that India-Germany cooperation across all three areas can be mutually reinforcing,” the ministry said in a statement. The two sides are expected to continue discussions on these issues in the coming months.The meeting comes as India and Germany mark 75 years of diplomatic relations and 25 years of their strategic partnership. Germany has been a key partner for India in areas such as renewable energy, energy efficiency and climate action.Get the latest Business News and Live updates. Download the TOI app.