US-India ties are on the verge of a new beginning. Indian Prime Minister Narendra Modi’s visit to the US has generated an excitement in both countries, strengthening the relationship between the two countries.
In this context, the Fifth US-India Energy Partnership Summit, to take place in Washington DC from September 30 to October 1, 2014, will be a significant event to reinforce various energy collaborations.
US always have been among the top producers of energy in the world and by 2030 India will be the third largest consumer of energy in the world.
The summit, organized by The Energy and Resources Institute North America (TERI NA) and Yale University has become a unique policy.
It has planned in advance the current and future energy challenges the world is going to face and prepared a meeting platform for robust nations accordingly.
The United Nations is in the process of surfacing the post-2015 Sustainable Development Agenda, and there is a greater need for the country to look for clean energy options and meet global goals.
During Summit, it is anticipated that head of both nations will discuss on current climate change issues faced by the world as well as solutions to combat the cumulative pollution by adapting green measures as well as innovative, cost-efficient clean energy resources.
Recently, India has chosen out of the crucial multilateral negotiations but there is a need for the country to control its greenhouse gas emissions as the climate change is a threatening matter.
Sustainability Development Goals (SDG) of UN cannot be relevant unless they take into account the goal of stabilizing the earth’s climate. The triangle between adaptation, mitigation and sustainable development is such that each reinforces the need for the other, says, R K Pachauri, director general, TERI NA.
In its recent report by Intergovernmental Panel on Climate Change (IPCC) an uninviting picture for India has been presented with increasing climatic swings affecting sectors related to the growth and development of the country.
Both energy and climate demand international collaboration. The US and India are leading this effort, being growing economies and large energy consumers. They face similar challenges and hence there is potential for bilateral cooperation between them.
As India attempts to meet the energy needs while reducing the greenhouse gas (GHG) emissions, it gains from technology commitment with the US, providing better business potential for energy industries. In the meantime, India and US offer various opportunities for cooperation on technology innovation.