INDIA US CLEAN ENERGY INITIATIVE

INDIA US CLEAN ENERGY INITIATIVE

Subject : International Relations

Context: Recently, Prime Minister Shri Narendra Modi and US President Joe Biden launched the India-US Clean Energy Agenda 2030 Partnership at the Leaders’ Summit on Climate hosted by the US.

Concept :

• India has made an ambitious commitment of achieving the renewable energy target of 450 gigahertz by 2030.
• The Nationally Defined Contributions (NDCs) are each country’s goals towards achieving the Paris Agreement target of limiting rising temperatures to less than 2 degrees Celsius.
• The US pledged to cut emissions by 50 to 52 per cent of its 2005 levels by 2030 which is double the 2015 goal set by former President Barack Obama.

India-US Clean Energy Initiative

• It will help in mobilising investments, demonstrate clean technologies, and enable green collaborations.
• It will proceed along two main tracks i.e. the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue, which will build on and subsume a range of existing processes.
• India and the United States aim to demonstrate how the world can align swift climate action with inclusive and resilient economic development.

About Leaders’ Summit on Climate

• It is a two-day virtual conference hosted by United States.
• It will serve as an opportunity to release their countries climate ambition and how they will take action to reduce emissions.

The main objectives of this summit are:

• Get the world’s major economies to reduce emission in this decade while also getting the public and private sector involvement.
• Show how climate action can have economic and social benefits and build new businesses and industries.
• Using the technology available to adapt to climate change but also reduce emissions.
• The world’s top five highest emitters are China, The United States, India, Russia and Japan.