India and US to collaborate on clean energy and climate action

India and US to collaborate on clean energy and climate action

India and the United States have agreed to work together on advancing clean energy and combating climate change, as part of their strategic partnership. The two countries announced this after a meeting between their finance ministers on the sidelines of the G20 summit in Rome.

The Indian finance minister, Nirmala Sitharaman, and the US treasury secretary, Janet Yellen, discussed various issues of mutual interest, including economic recovery, infrastructure development, digital taxation, and global minimum tax. They also reaffirmed their commitment to the Paris Agreement and the 2030 Agenda for Sustainable Development.

According to a joint statement, India and the US will collaborate on enhancing access to affordable and reliable clean energy, promoting energy efficiency and renewable energy, and supporting innovation and research in clean technologies. They will also cooperate on mobilizing finance for climate action, enhancing climate resilience and adaptation, and reducing greenhouse gas emissions.

The two countries will also engage in regular dialogue and exchange of best practices on these issues, as well as support multilateral platforms such as the International Solar Alliance, the Coalition for Disaster Resilient Infrastructure, and the Green Climate Fund.

The meeting between Sitharaman and Yellen comes ahead of the COP26 summit in Glasgow, where world leaders are expected to announce ambitious climate pledges and actions. India and the US are among the largest emitters of greenhouse gases, and their cooperation is seen as crucial for achieving the global goals of limiting global warming to 1.5 degrees Celsius and reaching net-zero emissions by 2050.