India and United States partner for clean energy development

India and the United States launched a new high-level, “U.S.-India Climate and Clean Energy Agenda 2030 Partnership,” at the Leaders Summit on Climate held on April 22, 2021. The aim of this partnership is to create stronger bilateral cooperation on actions in the current decade to meet the goals of the Paris Agreement. The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnershipand the Climate Action and Finance Mobilization Dialogue. The partnership comes after an intensive period of re-engagement on climate and energy between the two nations including the visit by United States Presidential Envoy John Kerry to India to meet with Prime Minister Narendra Modi and members of the cabinet on addressing the climate crisis.

Led by Prime Minister Modi and US President Biden, thispartnership will focus on driving urgent progress in this critical decade for climate action. Both the countries have set ambitious 2030 targets for climate action and clean energy. India has set a target of installing 450 GW of renewable energy by 2030 while the United States has set an economy-wide target of reducing its net greenhouse gas emissions by 50–52 percent below 2005 levels in 2030. The two countries aim to work together in achieving their ambitious climate and clean energy targets through strengthening of bilateral collaboration across climate and clean energy. Further, the partnership will aim to mobilise finance for clean energy deployment, demonstrate and scale clean technologies fordecarbonisation of sectors like industry, transportation, power, and buildings, as well as build capacity for measurement, management, and adaptation to the risks of climate-related impacts.

GET ACCESS TO OUR ARTICLES

Enter your email address