India – UK Ministerial Energy Dialogue: Energy for Growth


India – UK Ministerial Energy Dialogue: Energy for Growth

Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, and UK’s Secretary of State for Business, Energy and Industrial Strategy, Mr. Greg Clark, chaired the inaugural India-UK ‘Energy for Growth’ Dialogue. The dialogue takes forward the commitment of Prime Minister of India, Shri Narendra Modi and Prime Minister of UK, Ms. Theresa May for an enhanced ‘Energy for Growth’ Partnership between the two countries.

Both Shri Goyal and Mr. Clark welcomed UK’s ongoing commitment to India’s energy sector. On 4th April 2017 the two countries had reaffirmed their commitment to anchor investment up to £120 million each in the joint fund which aims to raise around £500 million, and has the potential to unlock much more in the future. It was announced that the fund will focus its initial investments on India’s rapidly growing energy and renewables market.

India and UK also recognized the importance of combating climate change and mobilizing finance from a variety of sources, instruments and channels to mitigate its effects alongside generating economic opportunities. They welcomed the work of the G20 Green Finance Study Group promoting green finance encouraged the issuance of green bonds, among other forms of green finance. Read More…

 

Credit By : Energy Sector.in

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