20 May 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
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