India has inked a pact with the US to enhance cooperation in energy security and climate change with an aim to promote sustainable growth. A Memorandum of Understanding (MoU) between the Government of India and the United States was signed to enhance cooperation in energy security, clean energy and climate change. Power Secretary PK Pujari and US Ambassador to India Richard R Verma signed the MoU.
USA and India are already working in some areas and this MoU will help in expanding our horizon. It will provide framework to work more closely not only for betterment of our own people but also for creating a positive environment for the US companies working in India.
The objective of the pact is to boost energy ties between the two countries through increased bilateral engagement and further joint initiatives. The priority initiatives under the MoU would be US-India Energy Smart Cities Partnership, greening the grid, promoting Energy Access through Clean Energy (PEACE) expansion, energy efficiency including space cooling, renewable energy, energy security, clean energy finance and US-India partnership for Climate Resilience, among others.