Download Unicorn Signals App

Powered By EquityPandit
 Signals, Powered By  EquityPandit
WORLD

US Applauds India For Stepping Up Its Climate Change Commitment

The Biden administration has applauded India for stepping up its climate change commitment including the partnership with the US to deploy 450 gigawatts of renewable power to meet the ambitious 2030 target for climate action and clean energy.

At the Leaders Summit on Climate on Thursday, the two countries launched a new high-level “US-India Climate and Clean Energy Agenda 2030 Partnership” to create stronger bilateral cooperation on actions in the current decade to meet the goals of the Paris Agreement. The partnership will proceed along two main tracks such as the Strategic Clean Energy Partnership, co-chaired by Secretary of Energy Granholm, and the Climate Action and Finance Mobilisation Dialogue, co-chaired by Special Presidential Envoy for Climate John Kerry, a joint statement said.

India formally stepping up its commitment to accelerate renewable energy deployment: US official

Washington: The Biden administration has applauded India for stepping up its climate change commitment including the partnership with the US to deploy 450 gigawatts of renewable power to meet the ambitious 2030 target for climate action and clean energy.

Both the United States and India have set ambitious 2030 targets for climate action and clean energy. In its new nationally determined contribution, the US has set an economy-wide target of reducing its net greenhouse gas emissions by 50-52 percent below 2005 levels in 2030.

While India, as part of its climate mitigation efforts, has set a target of installing 450 GW of renewable energy by 2030. Through the partnership, the United States and India 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 statement said.

Get Daily Prediction & Stocks Tips On Your Mobile