Europe and India sign deal to work together on green energy

by Search Gate staff. Published Sat 11 Feb 2015 11:50
EU and India agree to move forward with green energy deal

Leaders from India and Europe have signed a new deal on green energy cooperation.

The joint declaration renews the commitment of both sides to enhance cooperation in the energy field, and identifies priority areas for mutually beneficial joint activity.

The agreement is designed to streamline work and from now on the two parties will focus on a number of mutually beneficial topics such as clean coal, energy efficiency, energy safety, renewable energy and smart grids.

The scope of the energy dialogue established in 2004 will thus extend to include energy security. With regard to resources, the Declaration aims at bringing together Europe (EU institutions, EU Member States and EU private actors) and India stakeholders to support India in its efforts towards a sustainable economy.

The EU – India energy partnership has now reached a mature level. Shared objectives include enhancing energy security and safety, promoting energy efficiency, and pursuing sustainable development through, inter alia, the development of clean and renewable energy sources.

Energy is also an important pillar of both countries' long-term policies, namely the "Europe 2020 strategy" and the upcoming India "Five Year Plan".

In a statement, the EU and India say they are committed to building their relationship in order to share best practices and move in parallel towards a low carbon economy, while ensuring for their citizens a sustainable, secure and affordable energy.

José Manuel Durão Barroso, President of the European Commission, said following the summit: “On the basis of the joint declaration on energy we will work together on key areas to enhance energy security, promote energy efficiency and energy safety, and the development of low carbon energy sources, notably renewable energy. This is not only good for the environment, but it is also good for our businesses and possibilities for job creation.

“On research and innovation, where India is already actively participating in EU Research Framework Programmes, we signed a declaration aiming at increasing our cooperation. This shows our shared commitment to innovation and the exchange of knowledge between European and Indian stakeholders, from universities to industries.

“Energy and research are just two concrete examples that our relation is broadening and becoming stronger. We will work together to find solutions to societal challenges that we both share.

“The avenues of growth in our relationship are vast and we are strongly committed to our partnership. I am confident that the European Union and India will seize the opportunities lying ahead to work together to shape a better future for our citizens.”

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