India-US Climate and Clean Energy Agenda 2030 Partnership
On 22 April 2021, At the Leaders’ Summit on Climate , indian Prime Minister and American President agreed to launch a high-level India-US Partnership which envisages bilateral cooperation on strong actions in the current decade to meet the goals of the Paris Agreement. Both the countries launched the "India-US Climate and Clean Energy Agenda 2030 Partnership.”
Major features of the partnership :
- Indo US 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.
- Both India and the United States have set ambitious 2030 targets for climate action and clean energy. In its new nationally determined contribution, 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.
- As part of its climate mitigation efforts, India has set a target of installing 450 GW of renewable energy by 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 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 impacts.
- 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 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.
