The Union Cabinet was apprised of a Strategic Partnership Agreement signed between the Ministry of New and Renewable Energy (MNRE), Government of India and the International Renewable Energy Agency (IRENA). The Agreement was signed in January 2022.
- The aim of the Agreement is to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India.
- The Agreement will help India’s energy transition efforts and will also help the world in combating climate change.
- The areas of cooperation as envisaged in the Strategic Partnership Agreement will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030. This in-turn will promote Atmanirbhar Bharat.
The salient features of the Agreement include enhanced cooperation in the following areas —
- 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 development and deployment of green hydrogen.
About IRENA –
- It is an intergovernmental organisation mandated to facilitate cooperation, advance knowledge, and promote the adoption and sustainable use of renewable energy.
- It is the first international organisation to focus exclusively on renewable energy, addressing needs in both industrialised and developing countries.
- It was founded in 2009 & its statute entered into force on 8 July 2010 and is headquartered in Masdar City, Abu Dhabi.
- IRENA is an official United Nations observer.