Climate Summit: Amid pledges, India, US to partner on energy, climate
ECONOMY & POLICY

Climate Summit: Amid pledges, India, US to partner on energy, climate

Prime Minister Narendra Modi has announced an energy and a climate partnership with the US during the two-day Leaders Climate Summit that included 40 heads of states and governments.

The partnership, termed India-US Climate & Energy Agenda 2030, was announced officially in a joint India-US statement released by India’s Ministry of External Affairs.

According to the ministry's statement, the partnership aims to mobilise finance and speed clean energy deployment, demonstrate and scale innovative clean technologies needed to decarbonise sectors, including industry, transportation, power, and buildings, and build capacity to measure, manage, and adapt to the risks of climate-related impacts.

The ministry statement said the partnership would run on the strategic clean energy partnership and the climate action and finance mobilisation dialogue, which will include a range of existing processes.

US President Joe Biden announced an aggressive new plan to reduce the country's contribution to global warming during the summit, and he urged other countries to follow the same.

British Prime Minister Boris Johnson backed Biden's climate action goals.

Chinese President Xi Jinping said China has committed to carbon neutrality and will strictly control coal-fired power generation projects and limit the increase in coal consumption.

Brazilian President Jair Bolsonaro, who has aggressively rolled back environmental protections in his country, moved up Brazil's goal for achieving carbon neutrality by a decade to 2050. The President also pledged to eliminate illegal deforestation in the Amazon by 2030 and said he would double the money allocated for inspections.

The US and Brazil have been negotiating a deal on Amazon deforestation, but as per media reports, earlier this month, the negotiations hit a deadlock, with Brazil demanding payment upfront and the US asking for results first.

At the summit, Bolosnaro said there must be fair payment for environmental services to recognise the economic importance of conservation.

Image Source


Also read: Greenhouse emissions: Coal is integral to us, India tells UNFCCC

Also read: India-US to Expand Energy Partnership

Prime Minister Narendra Modi has announced an energy and a climate partnership with the US during the two-day Leaders Climate Summit that included 40 heads of states and governments. The partnership, termed India-US Climate & Energy Agenda 2030, was announced officially in a joint India-US statement released by India’s Ministry of External Affairs. According to the ministry's statement, the partnership aims to mobilise finance and speed clean energy deployment, demonstrate and scale innovative clean technologies needed to decarbonise sectors, including industry, transportation, power, and buildings, and build capacity to measure, manage, and adapt to the risks of climate-related impacts. The ministry statement said the partnership would run on the strategic clean energy partnership and the climate action and finance mobilisation dialogue, which will include a range of existing processes. US President Joe Biden announced an aggressive new plan to reduce the country's contribution to global warming during the summit, and he urged other countries to follow the same. British Prime Minister Boris Johnson backed Biden's climate action goals. Chinese President Xi Jinping said China has committed to carbon neutrality and will strictly control coal-fired power generation projects and limit the increase in coal consumption. Brazilian President Jair Bolsonaro, who has aggressively rolled back environmental protections in his country, moved up Brazil's goal for achieving carbon neutrality by a decade to 2050. The President also pledged to eliminate illegal deforestation in the Amazon by 2030 and said he would double the money allocated for inspections. The US and Brazil have been negotiating a deal on Amazon deforestation, but as per media reports, earlier this month, the negotiations hit a deadlock, with Brazil demanding payment upfront and the US asking for results first. At the summit, Bolosnaro said there must be fair payment for environmental services to recognise the economic importance of conservation. Image Source Also read: Greenhouse emissions: Coal is integral to us, India tells UNFCCC Also read: India-US to Expand Energy Partnership

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code