Cabinet approves strategic partnership agreement between MNRE in India, IRENA
New Delhi [India], June 29: The Union Cabinet chaired by Prime Minister Narendra Modi was apprised of a Strategic Partnership Agreement signed between the Ministry of New and Renewable Energy (MNRE) and the International Renewable Energy Agency (IRENA).
As per the official release by the Cabinet, the agreement was signed in January 2022.
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The agreement aims to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India. Moreover, the agreement will help India's energy transition efforts and will also help the world in combating climate change.
The partnership between two areas will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030 which will in turn promote Atmanirbhar Bharat.
The salient features of the Agreement include enhanced cooperation in facilitating knowledge sharing from India on scaling-up renewable energy and clean energy technologies.
Supporting India's efforts on long-term energy planning; collaborating to strengthen the innovation climate in India; moving towards cost-effective decarbonisation through catalysing the development and deployment of green hydrogen are other salient features.
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Thus, the Strategic Partnership Agreement will help India's energy transition efforts and will also help the world in combating climate change.
-PTC News
