US assures to provide finances to India for renewable energy

Meanwhile, Swaraj said that India had a detailed exchange of views on climate change and clean energy issues with US.

Published: 30th August 2016 11:49 PM  |   Last Updated: 30th August 2016 11:49 PM   |  A+A-

John Kerry-sushma-eps

Minister of External Affairs Sushma Swaraj and US Secretary of State John Kerry arrive prior to a meeting in New Delhi on Tuesday. (EPS | Shekhar Yadav)

By PTI

NEW DELHI: US today assured India of "doing more" by providing it finances for innovative renewable energy projects while asserting that it is the "only way" of meeting the challenge of climate change.

US Secretary of State John Kerry said that the civil nuclear cooperation between both the countries will bring affordable and clean energy to tens of millions of Indian households.

"To build on our shared leadership in combating climate change, the US is going to do more to help India upgrade its powergrid and work with our private sector in order to help provide financing for innovative renewable energy projects and clean energy entrepreneurs.

"That is the only way we will have a chance of adequately meeting the promise of Paris and adequately meeting the challenge of climate change," Kerry said during the joint press interaction with External Affairs Minister Sushma Swaraj during Second India-US Strategic and Commercial Dialogue.

He said that US will soon make the promise made by more than 190 nations at the Paris Climate change summit last year a "reality" by officially joining the global climate agreement.

"Our civil nuclear cooperation will bring affordable clean energy to tens of millions of Indian households as we move closer in the use of safe, modern, latest generation nuclear power.

"My government looks forward to making the promise of Paris a reality and being one of the country that will soon officially join the global climate agreement," he said.

Meanwhile, Swaraj said that India had a detailed exchange of views on climate change and clean energy issues with US.

"Both our countries attach high importance to the full implementation of the Paris Agreement, in the finalization of

which President Obama and Prime Minister Modi played key roles," she said.

Swaraj said that both the countries have agreed to scale up collaboration in clean energy and to "quickly" operationalize the different initiatives announced by Prime Minister Narendra Modi.

"We have agreed to scale up our collaboration in clean energy and to quickly operationalize the various initiatives that were announced during Prime Minister's visit to facilitate investments in this sector from US into India.

"We look forward to working with the US to ensure the success of the International Solar Alliance (ISA)," she said.

Prime Minister Narendra Modi along with French President Francois Hollande had launched the ISA during the Paris Summit.

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