NEW DELHI: 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’ during 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 at 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 Mobilization 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 during his September 12-14 visit would pitch for bringing India on board for ‘net-zero’ goal mission by mid-century. Though India is not averse to the idea of ‘carbon neutrality’ 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. It is expected that the country will next month take a call on updating its climate action goals – called nationally determined contribution (NDC) – under the Paris Agreement by factoring in overachievement of its current pledges. India has already reduced its carbon emission intensity (emission per unit of GDP) by 28% over 2005 levels, against its target of 33-35% by 2030. Similarly, its capacity of non-fossil fuel-based power generation has already reached nearly 39% of its total installed power generation capacity against the target of 40% by 2030. India is with this pace expected to reach the target of 40% by 2023. This makes India among one of the few countries globally which has been on track to meet its 2015 Paris Agreement commitments. “The Special Envoy’s travel will bolster the United States’ bilateral and multilateral climate efforts ahead of the 26th Conference of the Parties (COP26) to the United Nations Framework Convention on Climate Change (UNFCCC), which will be held October 31 to November 12, 2021, in Glasgow, United Kingdom,” said the US state department in a statement on Kerry’s India visit. It said the Special Presidential Envoy for Climate would travel to India from September 12-14 “to engage with international counterparts on efforts to address the climate crisis”. “Special Presidential Envoy Kerry will meet with Government of India counterparts and private sector leaders to discuss efforts to raise global climate ambition and speed India’s clean energy transition,” said the statement.

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