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DAILY NEWS ANALYSIS

  • 26 April, 2021

  • 5 Min Read

Leaders’ Summit on Climate- India-US Clean Energy Agenda 2030 Partnership

Leaders’ Summit on Climate- India-US Clean Energy Agenda 2030 Partnership

Introduction

  • Recently, the Leaders' Summit on Climate was convened by the US President virtually.
  • 40 world leaders were invited to the event to underscore the urgency of stronger climate action.

UN COP 26

  • United Nations Climate Change Conference, Conference of the Parties 26 (COP 26) in November 2021 in Glasgow, Scotland.

India-US Clean Energy Agenda 2030 Partnership:

  • It is a joint climate and clean energy initiative of India with the US.
  • It will demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities.
  • Mobilise investments, demonstrate clean technologies and enable green collaborations in India that could also create templates of sustainable development for other developing countries.
  • Two Main Tracks of the Initiative are: The Strategic Clean Energy Partnership and The Climate Action and Finance Mobilization Dialogue.

U.S.A’s Commitments

  • Reduce US’s GreenHouse Gas (GHG) in 50% by the year 2030 and called upon other nations to “set higher climate ambitions” that will create jobs at home, advance innovative technologies and help countries vulnerable to the impact of climate change.
  • To double its public climate financing to developing countries and triple public financing for climate adaptation in developing countries by 2024.

India’s commitments

  • It submitted a new Nationally Determined Contribution (NDC) target that aims to reduce its GHG emissions by 50-52% below 2005 levels.
  • India’s ambitious renewable energy target of 450 GW by 2030.
  • Despite its development challenges, India has taken many bold steps on clean energy, energy efficiency, afforestation and biodiversity. India is among few countries whose NDCs are 2°C compatible.

Note:

  • The US has rejoined the Paris Agreement.

China’s Commitments:

  • Its carbon emissions will peak before 2030 and the country will achieve carbon neutrality by 2060.
  • Promoted its green Belt and Road Initiative and announced efforts to “strictly control coal-fired power generation projects” and phase down coal consumption.

India's Emissions:

  • India was already doing its part and that the country’s per capita carbon emissions are 60% lower than the global average.

Other initiatives of India

  • National Clean Air Programme (NCAP)
  • Bharat Stage-VI (BS-VI) emission norms
  • UJALA scheme
  • National Action Plan on Climate Change (NAPCC)
  • The International Solar Alliance and the Coalition for Disaster Resilience Infrastructure.

Source: TH


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