'Obama-Modi Meet an Opportunity to Move Ahead on Clean Energy'

Published: 23rd January 2015 03:02 PM  |   Last Updated: 23rd January 2015 03:02 PM   |  A+A-

Modi_Obama_pti
By PTI

NEW YORK: Ahead of US President Barack Obama's India visit, two climate experts have said his meeting with Prime Minister Narendra Modi is a "tremendous opportunity" to make substantive progress on advancing cleaner, low-carbon and climate-resilient pathways.                

"While the (two) leaders’ discussions will address several issues, including nuclear energy and trade, climate and clean energy will be a central part of the agenda. It's a tremendous opportunity for the two countries to make substantive progress on shifting to low-carbon pathways," World Resources Institute Managing Director Manish Bapna and International Climate Initiative Director David Waskow said in a blog post.            

They said that while India and the US are already working together through programs such as the Partnership to Advance Clean Energy (PACE), the two countries can go even further to secure economic growth and climate action.       

The duo said that in order to negotiate a new international climate agreement in Paris in December 2015, the two leaders should create a direct line of communication between the countries' highest levels of government.       

"Advancing cleaner, low-carbon and climate-resilient pathways can create more vibrant economies in both India and the US," Bapna and Waskow said.   

The two governments should also work together to ensure that investment can flow to meet India's ambitious renewable energy targets.                

"A mutually beneficial approach would be to develop a long-term commercial strategy for resolving thorny issues such as requirements for domestically made solar panels and access for US-made panels, in conjunction with a substantial increase in US investment in India," Bapna and Waskow said.      

They added that such an agreement would build on recent moves by the private sector, such as SunEdison's investment in USD 4 billion solar manufacturing plant in India.                

Financial assistance from the US agencies such as the Overseas Private Investment Corporation, Export-Import Bank, US Agency for International Development could pave the way for such collaboration in renewable energy systems.              

New Delhi and Washington could also agree to lead development of a global clean energy collaborative, a proposal first made by Modi during the recent G20 meeting.

"This collaborative could help build bridges among research institutes, mobilise new initiatives and resources, and foster greater access to clean energy technologies," the duo said.        

The two countries could also expand on their commitment to create a partnership to build resilience to climate change.                

An important step in this direction would be to launch a major initiative on ensuring universal access to data and information on the impacts of a warmer world.                

"The initiative could take advantage of both countries' exceptional information technology capacity and build on work the US is already doing with Google to make climate information more accessible," they said.   

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp