{"id":134235,"date":"2021-09-15T20:03:07","date_gmt":"2021-09-15T14:33:07","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=134235"},"modified":"2021-09-16T18:26:41","modified_gmt":"2021-09-16T12:56:41","slug":"partnership-with-us-could-help-india-meet-renewable-energy-targets","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/partnership-with-us-could-help-india-meet-renewable-energy-targets\/","title":{"rendered":"Partnership with US could help India meet renewable energy targets"},"content":{"rendered":"\n

Synopsis<\/span><\/b>: India can achieve renewable energy targets efficiently by strengthening its partnership with US.<\/span> The problems and challenges associated are discussed.<\/span><\/p>\n

Introduction<\/span><\/b>\u00a0<\/span><\/h5>\n

India\u2019s front-line position as third highest emitter of\u00a0greenhouse gases has sharpened focus on its future\u00a0policy course to mitigate carbon emissions under\u00a0the Paris Agreement. <\/span><\/p>\n

There is escalating pressure for India to commit itself to a date when it can achieve net zero on the lines of the goal set by the U.S. and the European Union for mid-century, and 2060 by China. <\/span><\/p>\n

US offer of assistance to help India meet its renewable energy-related targets is a significant step towards defining the contours of this partnership.<\/span><\/p>\n

How Indo-US partnership can help India achieve its renewable energy goals?<\/strong><\/h5>\n

The <\/span>Partnership to Advance Clean Energy<\/strong> inked by the\u00a0Barack Obama Administration and India in 2009 mobilised more than Rs 18,000 crore for clean energy initiatives in India.<\/span><\/p>\n

\n

In 2018, the two countries had launched an energy partnership<\/strong> that emphasised renewables and sustainable growth.<\/p>\n

The Climate Action and Finance Mobilisation Dialogue (CAFMD)<\/a><\/strong><\/span> was recently launched by the US Special Envoy and Union environment minister.<\/span> CAFMD departs from the earlier initiatives in its link with timebound climate-related goals. The US will give financial and technological assistance to India to achieve its target of deploying 450 GW of renewable energy by 2030.<\/p>\n

The US Special Envoy has, in the past, indicated his country\u2019s inclination to mobilise a consortium of international investors to fund India\u2019s ambitious renewable energy transition.<\/strong><\/p>\n<\/div>\n

What are the challenges associated with achieving renewable energy targets?<\/span><\/b>\u00a0<\/span><\/h5>\n

Adaptation framework<\/strong>: The immediate challenge lies in coming up with an adaptation framework to help the millions living in the path of annual cyclones, including residents of populous coastal cities.<\/span>\u00a0<\/span><\/p>\n

Raising the ability of\u00a0city administrations<\/strong> to handle tens of millions of\u00a0litres\u00a0of water regularly dumped in just a few days requires\u00a0planning, funding and political commitment. <\/span><\/p>\n

Making\u00a0low-cost insurance available<\/strong> for houses against climate related losses will raise resilience, and lead to audits, encouraging governments to reduce risks. <\/span><\/p>\n

These are growing problems, but they also represent an opportunity to steer post-COVID-19 policies towards benign, green development. For a low-emissions future, policies must put nature at the centre.<\/span>\u00a0<\/span><\/p>\n

What India needs to do to achieve\u00a0renewable energy targets?<\/span><\/b>\u00a0<\/span><\/h5>\n

Declaring a net zero plan under the Paris pact would impose expensive\u00a0choices, particularly in energy production. \u00a0<\/span><\/p>\n

Specific areas of cooperation<\/strong> to bring down emissions \u2014\u00a0in the expansion of transport, buildings and industry \u2014\u00a0and facilitating funding for 450 GW of renewable energy by 2030 can advance the India-U.S. Climate and\u00a0Clean Energy Agenda 2030 Partnership.\u00a0<\/span><\/p>\n

India\u00a0needs to get all States to mitigate emissions\u00a0<\/strong>and help them adapt to climate-linked extreme weather and atmospheric pollution caused by fossil fuels. For that, the US will give financial and technological assistance to India to achieve its target of deploying 450 GW of renewable energy by 2030.<\/span><\/p>\n

Source<\/span><\/b>:\u00a0This post is based on the article ”\u00a0<\/span>Partnership with US could help India meet renewable energy targets\u00a0<\/span><\/b>” published in\u00a0<\/span>The\u00a0Indian\u00a0Express<\/span><\/b>\u00a0on<\/span>\u00a015th September 2021<\/span><\/b>\u00a0and \u201c<\/span>Positive Climate<\/span><\/b>\u201d published in <\/span>The Hindu<\/span><\/b>\u00a0on\u00a0<\/span>15<\/span><\/b>th<\/span><\/b>\u00a0September 2021.<\/span><\/b>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Synopsis: India can achieve renewable energy targets efficiently by strengthening its partnership with US. The problems and challenges associated are discussed. Introduction\u00a0 India\u2019s front-line position as third highest emitter of\u00a0greenhouse gases has sharpened focus on its future\u00a0policy course to mitigate carbon emissions under\u00a0the Paris Agreement. There is escalating pressure for India to commit itself to… Continue reading Partnership with US could help India meet renewable energy targets<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,9],"tags":[408,768,216,3222],"class_list":["post-134235","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-public","tag-climate-change","tag-energy","tag-gs-paper-3","tag-renewable-energy","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1702533269},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=134235"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/134235\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=134235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=134235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=134235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}