New Delhi, Apr 23 (FN Bureau) India and the United States will together act this decade to achieve their ambitious climate and clean energy targets and strengthen collaboration across climate and clean energy. “The Partnership will aim to mobilize finance and speed clean energy deployment; demonstrate and scale innovative clean technologies needed to decarbonize sectors including industry, transportation, power, and buildings; and build capacity to measure, manage, and adapt to the risks of climate-related impact,” said the two strategic partners in a joint statement. Led by Prime Minister Modi and President Biden, the statement said, the Partnership “will represent one of the core venues for India-US collaboration and focus on driving urgent progress in this critical decade for climate action.”
The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue, which will build on and subsume a range of existing processes. “Through the Partnership, India and the United States are firmly committed to working together in achieving their ambitious climate and clean energy targets and to strengthening bilateral collaboration across climate and clean energy,” It said. Prime Minister Narendra Modi and President Joseph Biden announced the “India-US Climate and Clean Energy Agenda 20230 Partnership” at the virtual Leaders Summit on Earth Day Thursday. The Partnership envisages bilateral cooperation on strong actions in the current decade to meet the goals of the Paris Agreement.
“Through this collaboration, India and the United States aim to demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities, ” the statement said. Both India and the US have set ambitious 2030 targets for climate action and clean energy. As part of its climate mitigation efforts, India has set a target of installing 450 GW of renewable energy by 2030. In its new nationally determined contribution, the US has set an economy-wide target of reducing its net greenhouse gas emissions by 50-52 perccent below 2005 levels in 2030. “Through the Partnership, India and the United States are firmly committed to working together in achieving their ambitious climate and clean energy targets and to strengthening bilateral collaboration across climate and clean energy,” the two governments said.