India and Saudi Arabia sign MoU in Electrical Interconnections, Green / Clean Hydrogen and Supply Chains

Source: The post is based on the article “India and Saudi Arabia sign MoU in Electrical Interconnections, Green / Clean Hydrogen and Supply Chains” published in “PIB” on 9th October 2023

What is the News?

India and Saudi Arabia have signed a Memorandum of Understanding in the fields of Electrical Interconnections, Green / Clean Hydrogen and Supply Chains.

What is the purpose of the MoU signed between India and Saudi Arabia?

The MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection; exchange of electricity during peak times and emergencies; co-development of projects and co-production of green / clean hydrogen and renewable energy.

What is the Middle East and North Africa(MENA) Climate Week 2023?

MENA Climate Week 2023 is being held in Riyadh, Saudi Arabia.It aims to discuss climate solutions ahead of COP28.

It also had a session on “Global Stocktake of the Paris Agreement (GST)”.

What is the Global Stocktake of the Paris Agreement (GST)?

The global stocktake was established under Article 14 of the Paris Agreement.

It is a process for countries and stakeholders to see where they’re collectively making progress towards meeting the goals of the Paris Climate Change Agreement – and where they’re not.

It is done in a comprehensive and facilitative manner, considering mitigation, adaptation and the means of implementation and support and in the light of equity and the best available science.

The stocktake takes place every five years.The first GST started in Glasgow in 2021 and will conclude at the climate change conference in Dubai, UAE (at COP 28). 

The outcome of the GST shall inform Parties in updating and enhancing, in a nationally determined manner, their action and support, as well as in enhancing international cooperation for climate action.