Under the terms of the MoU, the two countries will enhance cooperation on energy security, clean energy and climate change through increased bilateral engagement and further joint initiatives for promoting sustainable growth.
The joint activities will increase incentives for innovation including research and development, and voluntary and mutually-agreed technology transfer.
The MoU will also support the deployment of clean energy technologies in both countries in addition to contributing to a global effort to reduce greenhouse gas emissions.
India is already working with the US in some areas while this MoU is intended to provide framework to work more closely for creating a positive environment for US companies working in the country.
The initiatives under the MoU will include US-India Energy smart Cities Partnership; greening the grid, Promoting Energy Access through Clean Energy (PEACE) expansion; Energy Efficiency including space cooling; and Renewable energy.
Additional initiatives include Energy security; clean energy finance; US-India partnership for climate resilience; air quality; forestry, landscapes and REDD+; Fellowships; and accelerating innovation on clean energy and climate change.
Separately, the US has hosted gathering of world’s energy ministers in San Francisco to advance technology solutions, accelerate clean energy deployment.
The seventh Clean Energy Ministerial (CEM7) and the inaugural Mission Innovation (MI) Ministerial involved 23 governments and the European Union.
