India US to talk climate finance as Bidens special envoy visits on Monday

Seeking to speed up clean energy deployment to decarbonise their economies in a big way through bilateral cooperation in the next 10 years, India and the US will launch ‘Climate Action and Finance Mobilisation Dialogue’ on the first day of the visit of the American special presidential envoy for climate John Kerry here on Monday.
The dialogue is one of the two main tracks of the ‘India-US Climate and Clean Energy Agenda 2030 Partnership’ which was jointly laid out by Prime Minister Narendra Modi and American President Joe Biden during the leaders’ summit on climate in April.
Its other track, the Strategic Clean Energy Partnership (SCEP), was launched by minister of petroleum & natural gas Hardeep Singh Puri and the US energy secretary Jennifer Granholm in virtual mode on Thursday. “Both these tracks will together work for mobilising finance and scaling up deployment of clean technologies. It will help India reach its ambitious goal of installing 450 GW of renewable energy by 2030 under the country’s ongoing energy transition efforts,” said an official.
He said the US presidential envoy for climate would meet both environment minister Bhupender Yadav and power & renewable energy minister R K Singh on Monday, besides launching the ‘Climate Action and Finance Mobilisation Dialogue’.
The meeting assumes significance as it may pave the way for more intense dialogue over the ‘net-zero’ emission goal agenda of different countries ahead of the upcoming 26th session of the UN climate conference (COP26), scheduled to be held in Glasgow, UK in November.
It is expected that Kerry would seek to bring India on board for the ‘net-zero’ goal mission by mid-century. Though India is not averse to the idea of a ‘carbon neutral’ future for the globe, the country has consistently been insisting for different timelines for different countries to achieve such goals keeping in view their respective capabilities and national circumstances under the key principles of the Paris Agreement.

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