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

23 Apr 2021 Editorial Team

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

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

Infrastructure Energy

05 Aug 2026

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Infrastructure Urban

05 Aug 2026

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..