Indian Prime Minister Narendra Modi and U.S. President Barack Obama agreed upon the critical importance of expanding clean energy research, development, manufacturing and deployment.
Indian Prime Minister Narendra Modi and U.S. President Barack Obama agreed upon the critical importance of expanding clean energy research, development, manufacturing and deployment. This will help increase energy access and reduce greenhouse gas emissions.
The leaders announced actions to advance India's transition to low carbon economy. India intends to increase the share of use of renewable in electricity generation consistent with its intended goal to increase India's solar target to 100 gigawatts by 2022. The United States intends to support India's goal by enhancing cooperation on clean energy and climate change, to include:
- Expanding Partnership to Advance Clean Energy Research (PACE-R): A renewed commitment to PACE-R, including extending funding for three existing research tracks of solar energy, building energy efficiency, and biofuels for an additional five years and launching a new track on smart grid and grid storage.
- Expanding Partnership to Advance Clean Energy Deployment (PACE-D): Both the countries intended to expand our current Partnership to Advance Clean Energy Deployment (PACE-D) through increased bilateral engagements and further joint initiatives to expand cooperation in support of India's ambitious targets in renewable energy.
- Accelerating Clean Energy Finance: Prime Minister Modi emphasized India's ongoing efforts to create a market environment that will promote trade and investment in this sector. President Obama welcomed India's ambitious solar energy goals and encouraged India to continue its efforts to increase trade and private investment in this sector. President Obama conveyed the potential availability of U.S. Government official financing in this area, consistent with its policies, to support private sector involvement for those entities in contributing to India's clean energy requirements.
- Launching Air Quality Cooperation: Implementing EPA's AIR Now-International Program and megacities partnerships, focused on disseminating information to help the urban dwellers to reduce their exposure to harmful levels of air pollution, and enable urban policy planners to implement corrective strategies for improving Ambient Air Quality in the cities keeping in view health and climate change co-benefits of these strategies.
- Initiating Climate Resilience Tool Development: Jointly undertaking a partnership on climate resilience that will work to downscale international climate models for the Indian sub-continent to much higher resolution than currently available, assess climate risks at the sub-national level, work with local technical institutes on capacity building, and engage local decision-makers in the process of addressing climate information needs and informing planning and climate resilient sustainable development, including for India's State Action Plans.
- Demonstrating Clean Energy and Climate Initiatives on the Ground: Additional pilot programs and other collaborative projects in the areas of space cooling, super-efficient appliances, renewable energy storage, and smart grids.
- Concluding MOU on Energy Security, Clean Energy and Climate Change: Both countries concluded negotiations on a five year MOU to carry this work forward, to be signed as early as possible at a mutually agreed upon date.
Source-ANI
