Climate change: US commends India for green energy commitment

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The Biden administration praised India for stepping up its commitment to climate change, including partnering with the United States to deploy 450 gigawatts of renewable energy to meet the ambitious 2030 action target climate and clean energy.

At Thursday’s Leaders Climate Summit, the two countries launched a new high-level U.S.-India climate and clean energy partnership to create stronger bilateral cooperation on actions of the current decade to achieve the goals of the Paris Agreement.

The partnership will unfold along two main axes – the Strategic Clean Energy Partnership, co-chaired by Energy Secretary Granholm, and the Climate Action and Financial Mobilization Dialogue, co-chaired by the Special Presidential Envoy for the climate John Kerry, a joint statement said. .

India, in partnership with the United States, will deploy 450 gigawatts of renewable energy. Why is this important? Because if we can do that – and this is where our financial component is so essential – if we do, India is on track to maintain 1.5 degrees centigrade, said the press secretary of White House Jen Psaki to reporters at her daily press conference. .

Describing the partnership as one of the primary places for collaboration between the United States and India, the joint statement said its goal would be to drive urgent progress in this critical decade for climate action.

The United States and India have set ambitious 2030 targets for climate action and clean energy. In its new nationally determined contribution, the United States set an economy-wide goal of reducing its net greenhouse gas emissions by 50 to 52 percent from 2005 levels by 2030. .

While India, as part of its climate change mitigation efforts, has set a target to install 450 GW of renewable energy by 2030.

Through this partnership, the United States and India are firmly committed to working together to achieve their ambitious climate and clean energy goals and to strengthening bilateral collaboration in the areas of climate and clean energy, says the press release.

India is officially stepping up its commitment to accelerate the deployment of renewable energy, State Department spokesman Ned Price said.

The joint statement said the partnership will aim to mobilize finance and accelerate the deployment of clean energy, demonstrate and scale up innovative clean technologies needed to decarbonize sectors such as industry, transport, energy and buildings, and build capacity to measure, manage and adapt to risk. climate-related impacts.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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