India-US 2030 Climate Partnership

On April 22, 2021, India and the United States launched the US-India Climate and Clean Energy Agenda 2030 Partnership during the Leaders’ Summit. The US President hosted the Leaders Summit on Climate. The world leaders from around forty countries attended the summit.

About the Partnership

• The Partnership will proceed through the following:
  • Strategic Clean Energy Partnership
  • Climate Action and Finance Mobilisation Dialogue
• India will deploy 450 GW of renewable power under the partnership with the US.
• Both the countries will work together to achieve their respective targets. Through the partnership, the countries will demonstrate how the world can align swift climate action taking into account sustainable development priorities.

US Targets

During the Summit, the US announced that it has set an ambitious target of reducing the greenhouse gas emissions by 50% to 52% in 2030 as compared to that of 2005 level. This was double the 2015 goal set by the former President of the US Barack Obama. The successor of Obama, Donald Trump had withdrawn from Paris Agreement. According the US, these steps will help the country achieve net zero emission by 2050.

The US recently re-joined the Paris Agreement.

Other announcements in the Summit

• The US announced that it will double its public climate financing to the developing countries. This is to be tripled by 2024.
• Chinese President promoted the Green Belt and Road Initiative of China. Also, he announced that China had pledged net zero emissions by 2060.
• The United Kingdom announced that it is half way in achieving net zero. The UK had set a target of reducing 78% of emissions by 2035 as compared o 1990 levels.
• Germany is on the track of reducing emissions by 55% by 2030 as compared to 1990 level.

Month: Current Affairs - April, 2021