The Union Cabinet chaired by the Prime Minister was apprised of a Strategic Partnership Agreement signed between the Ministry of New and Renewable Energy (MNRE), Government of India and the International Renewable Energy Agency (IRENA).
About the Strategic Partnership Agreement
- The aim of the Agreement is to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India.
- The Agreement will help India’s energy transition efforts and will also help the world in combating climate change.
- The areas of cooperation as envisaged in the Strategic Partnership Agreement will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030. This in-turn will promote Atmanirbhar Bharat.
- The salient features of the Agreement include enhanced cooperation in the following areas:
- Facilitating knowledge sharing from India on scaling-up renewable energy and clean energy technologies
- Supporting India’s efforts on long term energy planning
- Collaborating to strengthen the innovation climate in India
- Moving towards cost-effective decarbonisation through catalysing development and deployment of green hydrogen.
- Thus, the Strategic Partnership Agreement will help India’s energy transition efforts and will also help the world in combating climate change.
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