India’s energy transition efforts will help the world in combating climate change
The Cabinet has approved a Strategic Partnership Agreement between the Ministry of New and Renewable Energy (MNRE) and the International Renewable Energy Agency (IRENA).
Signed in January 2022, the Agreement is to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India.
The Cabinet approved the Agreement on 29 June 2022, noting that it will help India’s energy transition efforts and will also help the world in combating climate change.
The areas of cooperation as envisaged in the Strategic Partnership Agreement will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030.
The salient features of the Agreement include enhanced cooperation in the following areas:
Facilitating knowledge sharing from India on scaling-up renewable energy and clean energy technologies
Supporting India’s efforts on long term energy planning
Collaborating to strengthen the innovation climate in India
Moving towards cost-effective decarbonisation through catalysing development and deployment of green hydrogen.
Thus, the Strategic Partnership Agreement will help India’s energy transition efforts and will also help the world in combating climate change, said the Cabinet. fiinews.com
