The US-India Strategic Partnership Forum (USISPF), and ReNew, in
partnership with the Consulate General of India in New York, held a
focused roundtable on “U.S.- India Climate Partnership and
Emerging Opportunities” on the sidelines of Climate Week 2023
in New York City.
The event was attended by Mr. Geoffrey Pyatt, Assistant
Secretary, Bureau of Energy Resources, U.S. State Department,
Ms. Enoh Ebong, Director, U.S. Trade and Development Agency
(USTDA), Ms. Anjali Kaur, Deputy Assistant Administrator for
Asia at United States Agency for International Development (USAID),
Reta Jo Lewis, President and Chair of the Board of
Directors, Export-Import Bank of the United States, along with
Mr. Randhir Jaiswal, the Indian Consul General in New York,
Dr. Mukesh Aghi, President and CEO of the US-India Strategic
Partnership Forum (USISPF), Mr. Sumant Sinha, Founder,
Chairman, and CEO, ReNew.
This was followed by a reception, where we welcomed Mr. Brad
Crabtree, Assistant Secretary for the U.S. Department of Energy
(DOE), along with Ambassador Ruchira Kamboj, Permanent
Representative of India to the United Nations,
In addition, a diverse mix of business leaders from the clean
energy sector and top government officials gathered at the Indian
Consulate in New York City for the closed-door roundtable bringing
together riveting discussions on emerging opportunities for
U.S-India partnership in clean energy, research, and
innovation.
At the event, a report on ‘India’s global leadership on
climate action,’ was launched by Mr. Randhir Jaiswal, the
Indian Consul General in New York, Dr. Mukesh Aghi, President and
CEO of the US-India Strategic Partnership Forum (USISPF) and Mr.
Sumant Sinha, Founder, Chairman, and CEO, ReNew in the presence of
eminent government officials, industry leaders, and academia.
The United States and India have emerged as committed
front-runners for the global transition to clean energy. The
increased collaboration reflects across areas pertaining to energy
supply chains, finance, business partnerships, and R&D.
The group outlined that the priority is to help expedite nations
and communities to meet their 2030 targets for reducing emissions.
These discussions contribute to the implementation of several
concrete announcements made jointly by both President Joe Biden and
Prime Minister Narendra Modi during the Indian Prime Minister’s
historic state visit in June 2023. India has taken a strong
leadership position on climate change action. Speaking at the G20
Summit in New Delhi, Prime Minister Modi noted: “Today, India
stands among the countries where a large-scale solar revolution is
underway. Millions of Indian farmers have embraced natural farming.
This is a big campaign to protect human health as well as the
health of the soil and the Earth.”
With reference to the recent G20 Summit that took place in New
Delhi, world leaders took stock of the hottest summer months, as
the pernicious threats of climate change epitomized critical themes
at the summit which touched on climate action, energy security,
climate finance, and the transition to a clean energy economy. As
Prime Minister Narendra Modi previously echoed "India's G20
presidency came at a time of crisis and chaos in the world”, and
that crisis continues to unfurl as ongoing geopolitical conflicts
continue to exacerbate the volatility in energy prices.
Speaking on the launch of the report, Sumant Sinha,
ReNew Founder, Chairman and CEO, said, “Effective climate
action will need all hands on deck. As our planet witnesses the
tangible, often dire, repercussions of climate change, the
unyielding alliance between India and the US offers a glimmer of
hope. India, under the leadership of Prime Minister Narendra Modi,
has made remarkable strides in emerging areas of impact such as
green hydrogen and carbon markets. The United States’ relentless
pursuit of innovation-driven solutions, be it in pioneering
renewable energy technologies or groundbreaking carbon capture
research, underscores its deep-rooted commitment to the global
climate cause. A multi-faceted and deeper US-India partnership on
climate has the potential to deliver resilience, innovation, and
sustainable growth.”
Reaffirming the strength of the US-India Strategic Clean Energy
Partnership (SCEP), Mr. Randhir Jaiswal, India’s Consul General
in New York commented: “The robust bilateral sustainability
agenda would have a seminal impact on the progress of 2030 climate
goals.” Speaking of the resounding success of the New Delhi G20
Summit, he noted that India’s leadership was instrumental in
enhancing the multilateral green agenda and, in this context,
mentioned the G20 decision to set up a Green Hydrogen Innovation
Center, call for tripling renewable energy globally by 2030 and to
give an ambitious push to the New Collective Quantified Goal
framework on climate finance. Further elaborating on India’s global
initiative on sustainability, he said, “In the four global
frameworks led by India, that is – International Solar Alliance,
Coalition for Disaster Resilient Infrastructure, Mission LiFE and
Global Biofuels Alliance, the United States has been a strong and
steady partner.”
Echoing the strength of the US-India energy partnership, Dr.
Mukesh Aghi, USISPF President and CEO said, “With an emphasis
on the hydrogen economy and hydrogen as a critical energy source
for global decarbonization, both Washington and New Delhi have made
it a priority to support each other’s national hydrogen missions.
Through public-private sector collaboration and reverse trade
missions, this commercial dialogue has helped to build ample
employment opportunities in India’s clean energy sector, as job
skilling and the increased role of new technologies in green energy
take precedence.”
About ReNew:
ReNew is India’s leading decarbonization solutions company
listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy
portfolio of approximately 13.7GW on a gross basis as of June 30,
2023, is one of the largest globally. In addition to being a major
independent power producer in India, ReNew provides end-to-end
solutions in a just and inclusive manner in the areas of clean
energy, value-added energy offerings through digitalization,
storage, and carbon markets that increasingly are integral to
addressing climate change. For more information, visit
www.renew.com and follow us on LinkedIn, Facebook, Twitter and
Instagram.
About the US-India Strategic Partnership Forum
(USISPF):
The US-India Strategic Partnership Forum (USISPF) is committed
to creating the most powerful partnership between the United States
and India. As the only independent not-for-profit institution
dedicated to strengthening the U.S.-India partnership in
Washington, D.C., and in New Delhi, USISPF is the trusted partner
for businesses, non-profit organizations, the diaspora, and the
governments of India and the United States.
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version on businesswire.com: https://www.businesswire.com/news/home/20230919459540/en/
Press Enquiries Anu Bararia| anu@renew.com USISPF l
Akshobh Giridharadas l agiridharadas@usispf.org
Investor Enquiries ReNew l Nathan Judge, Nitin Vaid |
ir@renew.com
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