India and the US have signed a Memorandum of Understanding (MoU) with an aim to enhance cooperation on energy security, clean energy and climate change. On behalf of India Mr. P K Pujari, Secretary, Ministry of Power, Government of India and Mr. Richard R Verma, US Ambassador to India, signed the MoU.
Speaking on the occasion, Mr. P. K. Pujari said that USA and India are already working in some areas and this MoU will help in expanding our horizon. It will provide framework to work more closely not only for betterment of our own people but also for creating a positive environment for US companies working in India.
Appreciating efforts of Indian Government, Mr. Richard R Verma said that this MoU will provide momentum for cooperative work which needs to be done in fields of energy security, clean energy and climate change.
The objective of the MoU is to enhance cooperation on energy security, clean energy and climate change through increased bilateral engagement and further joint initiatives for promoting sustainable growth.
These activities are intended to increase incentives for innovation including research and development, and voluntary and mutually-agreed technology transfer, as well as the deployment of clean energy technologies in both countries; contribute to a global effort to curb the rise in greenhouse gas emissions; and enhance resilience to the impacts of climate change.
The Priority initiatives under the MoU will be:
1. US-India Energy Smart Cities Partnership
2. Greening the Grid
3. Promoting Energy Access through Clean Energy (PEACE) expansion
4. Energy Efficiency including space cooling
5. Renewable energy
6. Energy security
7. Clean energy finance
8. U.S-India partnership for Climate Resilience
9. Air quality
10. Forestry, Landscapes and REDD+
12. Accelerating innovation on clean energy and climate change