‘Forward Action Plan’ was discussed at the “3rd India-UK Energy for Growth Partnership – Ministerial Energy Dialogue”, in the backdrop of “United Nations Climate Change Conference (COP-26)” which is set to start from October 31 in Glasgow.
Both the countries deliberated and agreed on a ‘Forward Action Plan. The action plan covers several topics such as energy storage, smart grids, charging infrastructure, green hydrogen, battery storage and need of mobilising investments across renewable energy.
This action plan was agreed upon in the backdrop of India and the UK plan of exploring the possibility to set up a “world bank for green energy”.
Energy transition was also a major area of discussion. Both the ministers discussed regarding the ongoing energy transition activities in their respective countries. Primary focus area in the meeting was renewables like solar, wind, EVs and other alternative fuels.
There hasn’t been much grip on the Green Climate Fund that was set up to provide $100 billion annually to the developing nations by 2020 in a bid to counter climate change.
The UK had also announced a $1.2 billion package for public and private investment earlier, in green & renewable energy projects. It also expressed its plan to collaborate with India on green hydrogen.
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