Brexit Britain and India reach historic agreement, unlocking £730 billion in investments.

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Brexit Britain and India reach historic agreement, unlocking £730 billion in investments.

BREXIT Britain and India have signed a significant agreement to collaborate on clean energy ahead of the COP26 climate meeting.

On October 8, British Energy Secretary Kwasi Kwarteng and Indian Minister for Power and New and Renewable Energy, Raj Kumar Singh, met in London to discuss how they might work together more effectively in the coming decade to accelerate the transition to global clean energy. As part of the UK-India Energy for Growth Dialogue, they met for the third time. Mr Singh and Mr Kwarteng built on earlier collaborative progress achieved since the first and second Dialogues in 2017 and 2018. With less than three weeks till COP26, Mr Singh and Mr Kwarteng built on earlier collaborative progress made since the first and second Dialogues in 2017 and 2018.

They praised India’s progress in using solar energy to power its railways, and welcomed strong coordination through the India-led International Solar Alliance, which seeks to attract over $1 trillion (£730 billion) in solar energy investments by 2030.

They also agreed that developing a secure energy system requires a strong domestic renewable energy sector.

The energy ministers stated that decarbonisation offers a plethora of exciting potential to create green jobs and drive economic growth in both India and the United Kingdom.

They believe COP26 will provide a chance for both sides to demonstrate global leadership on sustainable energy.

The two countries are expected to launch the UK and India Governments’ Global Green Grids – One Sun One World One Grid Initiative as a show of their close connections.

It aims to bring together an international coalition of national governments, financial institutions, and power system operators to expand the construction of green infrastructure that will aid countries in meeting their climate pledges.

Scaling up secure, dependable, and economical power, such as modern, flexible grids, charging points, and electrical interconnectors, is one of them.

The ministers approved a clean energy forward action plan that will strengthen renewable energy, storage, and energy efficiency measures, with strategies such as facilitating the production and use of green hydrogen and promoting the move to electric transportation coming into force.

The ministers will do so by establishing a collaborative initiative on smart electricity, renewable energy, and storage.

The program will improve India’s renewable energy industry in areas like offshore wind, as well as aid power distribution businesses develop digital solutions like enhancing industrial energy efficiency and promoting electric mobility to increase commercial potential. “Brinkwire News Summary.”

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