Indo – US Clean Energy initiatives

(GS PAPER-3, SUSTAINABLE DEVELOPMENT

SOURCE- THE HINDU)

 Context-

Prime Minister of India and US President launched the India US Clean Energy Agenda 2030 partnership at the leaders summit on climate hosted by the US

Key points-

  • The two-day event will feature 40 head of states
  • A set  of 101 Nobel Laureate including the Dalai Lama urged in a letter to the summit attendance to take action against the use of fossil fuels 
  • The partnership will proceed along to main tracks which will build on and subsume a range of existing processes
  • Strategic Clean Energy partnership
  • The climate action and Finance mobilization dialogue 
  • It aims to demonstrate how the world can alliance with climate action with inclusive and resilient economic development taking into account National circumstances and sustainable development priorities
  • These steps will set America on a path of net zero emissions economy by no later than 2050

India US commitments

  • The US pledged to cut emission by 50- 52 % of its 2005 levels by 2030. This is double the 2015 goals set by former President Barack Obama.
  • The US joined the Paris agreement three month ago after the former President’s decision to leave the multilateral forum made it the only country in the world to do so.
  • The US will double its public climate financing development to developing countries and triple public financing for climate application in developing countries by 2024 
  • Despite development challenges India has taken many bold step on Clean Energy, energy efficiency, deforestation and biodiversity
  • India also encourages Global initiative such as the international solar alliance and the coalition for disaster resilient infrastructure

-Khyati Khare

Download Daily Current Affairs of 20th May 2021