You are here: Home » Economy & Policy » News
Business Standard

India-US alliance to advance clean energy goals, says John Kerry

US special envoy launches Climate Action and Finance Mobilisation Dialogue

Topics
clean energy | US India relations  | John Kerry

Shreya Jai & Twesh Mishra  |  New Delhi 

External Affairs Minister Jaishankar met Kerry in New Delhi. The two discussed climate action & climate justice. (Photo: PTI)
External Affairs Minister Jaishankar met Kerry in New Delhi. The two discussed climate action & climate justice. (Photo: PTI)

Realigning the weight of in the US-India energy partnership, the US Special Presidential Envoy for Climate Change, John Kerry, on his first day in India launched the Climate Action and Finance Mobilisation Dialogue (CAFMD) with the government. He said the three-part focus of the dialogue would be on finance mobilisation, development, and climate adaptation measures. Kerry also met the Minister for Power, New & Renewable Energy R K Singh and Minister for Environment, Forest & Bhupender Yadav. The two nations are revamping their strategic partnership to focus on sectors, such as biofuels and hydrogen, after the Joe Biden administration took charge. This is a shift from the partnership efforts under Donald Trump that focused more on shale exploration. Speaking at the event where he signed the CAFMD with Yadav, Kerry said a robust India-US Climate and Clean Energy Agenda 2030 Partnership would set an example for the world "on how swift climate action with inclusive and resilient economic development can bring the world closer to the climate goals and build stronger economies for both". He said, "Agenda 2030 is a core pillar of the US-India relationship and the CAFMD is one of the two main tracks of the Agenda 2030 partnership." In line with the same, the realigned Strategic Clean Energy Partnership (SCEP) was jointly launched last week. An official statement said SCEP was launched in accordance with the US-India Climate and Clean Energy Agenda 2030 Partnership announced by Prime Minister Narendra Modi and President Biden at the 2021 Leaders' Summit on Climate held in April. Kerry said the CAFMD will take these joint efforts forward. The three focal points of the CAFMD would firstly include a 'climate action pillar", he said, which will develop proposals that can contribute towards curbing emissions. "In the power sector, this would translate into a road map to achieve the 450-gigawatt (Gw) renewable energy target," said the special envoy. The second is finance mobilisation, under which the two countries will collaborate on attracting capital to deploy 450 Gw of renewable energy capacity, investment in innovative clean energy technologies, and promote bilateral clean energy investment. The third part would focus on climate adaptation and resilience. “We are going to collaborate to build capacity to measure and manage climate risks. We are also going to be active in the protection of forests,” said Kerry. The announcement comes close on the heels of the UK government announcing a $1.2-billion package for public and private investment in green projects and renewable energy in India. Commenting on India's clean energy plans, Kerry said the target of 450 Gw of renewable energy is one of the most powerful goals in the world. "You have already reached about 100 Gw.

We are absolutely confident that the 450-Gw goal can and will be reached. I look forward to seeing this ambition hopefully given its proper due at the 2021 United Nations Conference (COP26) in Glasgow," said Kerry. In his meeting with the special envoy, R K Singh urged the US government to join the International Solar Alliance. "The minister informed the envoy about the bids for green hydrogen and electrolysers that are being planned. The minister requested the US side to send their companies to participate in the bids," said a statement from the Ministry of Power. Kerry's visits and agendas signed under these meetings follow the US-India Strategic Energy Partnership (SEP), which was launched in April 2018. The original partnership included power and energy efficiency, responsible oil and gas, renewable energy, and sustainable growth in 2019. With the addition of 'emerging fuels', SEP was rechristened SCEP. As part of SCEP, a US-India hydrogen task force was launched in June and a new India-US task force on biofuels announced last week. The two countries have also signed up for the transformation of the US-India gas task force. This will entail emphasis on the intersectionality between bioenergy, hydrogen, and renewable fuels with natural gas.

FOCUS ON ENERGY

May 2005 US-India Energy Dialogue initiated November 2009 Partnership to Advance Clean Energy launched June 2017 US, India agreed to elevate bilateral energy cooperation April 2018 Launch of US-India Strategic Energy Partnership January 2019 Four technical pillars established 2021 April Launch of Agenda 2030 Partnership with renewed Strategic Clean Energy Partnership (SCEP) September SCEP officially launched

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, September 13 2021. 21:05 IST
RECOMMENDED FOR YOU
.