Context

• The Union Cabinet chaired by the Prime Minister was apprised of a Strategic Partnership Agreement signed between the Ministry of New and Renewable Energy (MNRE), Government of India and the International Renewable Energy Agency (IRENA).  

About the Strategic Partnership Agreement

• The aim of the Agreement is to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India.
• The Agreement will help India’s energy transition efforts and will also help the world in combating climate change.

  

• The areas of cooperation as envisaged in the Strategic Partnership Agreement will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030. This in-turn will promote Atmanirbhar Bharat.
• The salient features of the Agreement include enhanced cooperation in the following areas:

1. 1. Facilitating knowledge sharing from India on scaling-up renewable energy and clean energy technologies
   2. Supporting India’s efforts on long term energy planning
   3. Collaborating to strengthen the innovation climate in India
   4. Moving towards cost-effective decarbonisation through catalysing development and deployment of green hydrogen.

• Thus, the Strategic Partnership Agreement will help India’s energy transition efforts and will also help the world in combating climate change.

Reference:

https://pib.gov.in/PressReleasePage.aspx?PRID=1837898

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