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US interested in strong energy partnership with India

THE US administration is "very interested" in continuing a strong partnership with India in the energy sector, energy secretary Jennifer M Granholm said on Tuesday (15).

“I'm very interested in continuing to ensure that India and the US have a strong partnership and there are a lot of energy tools that can help India achieve its own goals which are very aggressive as well,” she told lawmakers during a Congressional hearing.


Granholm made the remarks during a hearing on the department’s budget by the Senate Energy and Natural Resources Committee.

On a partnership with India in the natural gas sector, Granholm said she is keen on using technologies that eliminate methane and reduce methane from natural gas pipelines, production, and combustion.

“And that is another strategy that we're working on...to make sure that we can have natural gas that is carbon free,” she added.

In November 2009, US and India launched the Partnership to Advance Clean Energy (PACE), which is working to accelerate inclusive, low carbon growth by supporting research and deployment of clean energy technologies.

In April this year, both countries launched the “US-India Climate and Clean Energy Agenda 2030 Partnership” which envisages cooperation to meet the goals of the Paris Agreement.

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UK house price growth slows to 0.3 per cent in October.

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UK house price growth slows as buyers delay decisions ahead of budget

Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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