Prime Minister Narendra Modi, at the Leaders’ Summit on Climate on 22 April 2021 announced the launching of the “India-US Climate and Clean Energy Agenda 2030 Partnership.”
PM Modi and US President Joseph Biden in a joint statement agreed to spearhead a high-level India-US Partnership which intends to enhance bilateral cooperation on strong actions in the current decade to meet the goals of the Paris Agreement.
In a joint statement released by both nations, it has been noted that this Partnership targetted to tackle climate change will represent one of the core venues for India-US collaboration while also focusing on driving urgent progress in this critical decade for climate action.
India-US 2030 Target for climate action and clean energy
India and the United States have set ambitious 2030 targets for climate action and clean energy where, in its new nationally determined contribution, the country has constituted an economy-wide goal of reducing its net greenhouse gas emissions by 50-52 per cent below 2005 levels in 2030.
Along the same lines, India as part of its climate mitigation efforts has already initiated a target of installing 450 GW of renewable energy by 2030.
The Partnership signifies India and the United States’s firm commitment to working together in achieving their ambitious climate and clean energy targets and to strengthening bilateral collaboration across climate and clean energy.
Moreover, it also aims to mobilize finance and speed clean energy deployment. The demonstration and scale innovation of clean technologies that are needed to decarbonize sectors including industry, transportation, power, and buildings are also in the pipeline under this joint collaboration.
Two Main Pillars of 2030 Partnership
The India-US Partnership has been constructed along with two main pillars: First, the Strategic Clean Energy Partnership and Second, the Climate Action and Finance Mobilization Dialogue.
These two tracks are expected to build on and subsume a range of existing processes, which aim to demonstrate how the world can align swift climate action with inclusive and resilient economic development, as per the national circumstances and sustainable development priorities prevalent within the countries.
The India-US joint statement on the 2030 partnership notes that building capacity to measure, manage, and adapt to the risks of climate-related impacts is also as much important.