During the 2nd India-Australia Annual Summit held on the sidelines of the G20 Summit in Rio de Janeiro, Prime Ministers Narendra Modi and Anthony Albanese launched a Renewable Energy Partnership. The partnership aims to enhance cooperation in priority areas such as solar PV, green hydrogen, and energy storage. Both leaders expressed enthusiasm for the partnership, emphasizing two-way investment in renewable energy projects, skills training, and cooperation in allied areas. The Ministry of External Affairs released a joint statement highlighting the shared ambitions of India and Australia to drive climate action through cooperation. PM Modi noted the significant increase in bilateral trade following the India-Australia Economic Cooperation and Trade Agreement. PM Albanese welcomed India's invitation to the QUAD Summit in 2025, with both leaders reaffirming their commitment to cooperation through the Quad for global good. PM Modi also met with Chilean President Boric Font and Argentine President Milei on the sidelines of the G20 Summit. The discussions further underscored India's engagement with South American countries. The positive sentiment towards hydrogen and renewable energy initiatives reflects a step towards sustainable development and cooperation between India and Australia.