Clean energy deal with India ‘core pillar’ of bilateral cooperation: Biden – Times of India

Clean energy deal with India ‘core pillar’ of bilateral cooperation: Biden – Times of India


NEW DELHI: A day after Prime Minister Narendra Modi announced ‘India-US climate and clean energy Agenda 2030 partnership’, American President Joe Biden on Friday termed it a “core pillar” of bilateral cooperation between the two countries.
“I am looking forward to working with India’s Prime Minister Modi in a new partnership to achieve our climate and energy goals, making this a core pillar of our bilateral cooperation,” said Biden while making his concluding remarks at the virtual leaders’ summit on climate.
Referring to the promises of enhanced climate goals made by different countries at the Summit, the US President emphasised that the commitments made by the leaders “must become real” and urged the nations to invest in innovation and people to deliver good jobs and overcome the threat of climate change.
Modi while announcing the India-US partnership on clean energy and climate on Thursday said both the countries would, together, help “mobilise investments, demonstrate clean technologies” and spoke about the possibility of treating it as a template of green collaborations to help developing countries access affordable green finance and clean technologies.
It is learnt that both the countries under this new partnership agreed for mutual co-operation in energy storage, carbon capture and storage, green hydrogen, and other innovations in respect of energy transition.
As part of one of the most ambitious renewable energy goals in the world, India has been working on reaching 450 gigawatts of renewable energy (such as solar, wind, biomass etc.) by 2030. It is expected that the India-US partnership would make it possible for India to reach that goal.
Besides the US, the other countries including Japan, Canada, Argentina, Brazil, South Africa and South Korea made new announcements on their enhanced climate action goals during the two-day summit.
“This Summit, hosted by US President Biden, which brought together more than 40 nations representing 80% of global emissions, is an encouraging and positive step in the right direction,” said Patricia Espinosa, UN Climate Change executive secretary.
She urged the nations to carry forth the leadership and momentum to the crucial COP26 (26th session of the UN climate conference) negotiations scheduled for this November in Glasgow, UK.
Ahead of COP26, the issues are expected to get traction during the G7 summit in June when the group of the rich nation will discuss how to take forward their commitments on climate finance to help developing countries reach their climate goals under the Paris Agreement. It will get a further push when the UN Secretary-General, António Guterres, would convene leaders for another mega Summit in New York in September.

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