US senator launches bill to boost India-US cooperation in clean energy
POWER & RENEWABLE ENERGY

US senator launches bill to boost India-US cooperation in clean energy

A United States senator has introduced legislation to strengthen India-US cooperation in the clean energy and climate change areas.

Chairman of the Senate Foreign Relations Committee, Senator Robert Menendez, launched the prioritising clean energy and climate cooperation with India act of 2021 and it arrives a day after John Kerry, the US Special Presidential Envoy for Climate, launched the climate action and finance mobilisation dialogue (CAFMD) in New Delhi.

He said that there is a strong case to be made for strengthening the US-India clean energy partnership, given the shared warning of climate change and India's growing demand for electricity. While introducing this legislation have observed firsthand the positive results that come when our nations work as a team to tackle common difficulties.

Menendez said that by setting the US-India climate and clean energy partnership (CCEP), the foundation is being laid for successful partnerships between not only the US-Indian governments but also the universities and private areas.

The legislation sets the US-India CCEP as the main forum for collaboration between the US and India on clean energy technologies and energy transmission.

CCEP activities involve inspiring US private investment in the Indian clean energy market, encouraging joint research and development on clean energy technologies, and encouraging initiatives to promote India's new renewable energy production capacity.

As described in India's intended nationally determined contribution (INDC) to the Paris agreement, India's unconditional emissions target is to decrease the emissions intensity of a gross domestic product (GDP) by 33% to 35% by 2030, it said.

This bill will also assist the Biden administration's US-India climate and clean energy agenda 2030 partnership, which strives to promote bilateral cooperation on robust climate action and support the achievement of India's climate targets, the release said.

Image Source


Also read: India and US to expand energy partnership through emerging fuels

A United States senator has introduced legislation to strengthen India-US cooperation in the clean energy and climate change areas. Chairman of the Senate Foreign Relations Committee, Senator Robert Menendez, launched the prioritising clean energy and climate cooperation with India act of 2021 and it arrives a day after John Kerry, the US Special Presidential Envoy for Climate, launched the climate action and finance mobilisation dialogue (CAFMD) in New Delhi. He said that there is a strong case to be made for strengthening the US-India clean energy partnership, given the shared warning of climate change and India's growing demand for electricity. While introducing this legislation have observed firsthand the positive results that come when our nations work as a team to tackle common difficulties. Menendez said that by setting the US-India climate and clean energy partnership (CCEP), the foundation is being laid for successful partnerships between not only the US-Indian governments but also the universities and private areas. The legislation sets the US-India CCEP as the main forum for collaboration between the US and India on clean energy technologies and energy transmission. CCEP activities involve inspiring US private investment in the Indian clean energy market, encouraging joint research and development on clean energy technologies, and encouraging initiatives to promote India's new renewable energy production capacity. As described in India's intended nationally determined contribution (INDC) to the Paris agreement, India's unconditional emissions target is to decrease the emissions intensity of a gross domestic product (GDP) by 33% to 35% by 2030, it said. This bill will also assist the Biden administration's US-India climate and clean energy agenda 2030 partnership, which strives to promote bilateral cooperation on robust climate action and support the achievement of India's climate targets, the release said. Image Source Also read: India and US to expand energy partnership through emerging fuels

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?