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India-IRENA Strategic Partnership Agreement

International Renewable Energy Agency (IRENA)- Relevance for UPSC Exam

  • GS Paper 2: International Relations- Important International institutions, agencies and fora- their structure, mandate.

India-IRENA Strategic Partnership Agreement_40.1

 

Strategic Partnership with IRENA in News

  • Recently, the Union Cabinet chaired by the Prime Minister Sh. Narendra Modi was apprised of a Strategic Partnership Agreement signed between the Ministry of New and Renewable Energy (MNRE) and the International Renewable Energy Agency (IRENA).

‘Zero-Covid’ Strategy

 

India-IRENA Strategic Partnership Agreement

  • About: Ministry of New and Renewable Energy (MNRE), Government of India and the International Renewable Energy Agency (IRENA) signed India-IRENA Strategic Partnership Agreement in January 2022.
  • Mandate: The aim of the India-IRENA Strategic Partnership Agreement is to drive ambition, leadership and knowledge on green energy transitions based on renewable energy in India.
  • Significance: The India-IRENA Strategic Partnership Agreement will help India’s energy transition efforts and will also help the world in combating climate change.
    • The India-IRENA Strategic Partnership Agreement will support India in achieving its ambitious target of 500 GW of installed non-fossil fuel electricity capacity by 2030. This in-turn will promote Atmanirbhar Bharat.
    • The Strategic Partnership Agreement will help India’s energy transition efforts and will also help the world in combating climate change.
  • Key Features: The salient features of the India-IRENA Strategic Partnership Agreement include enhanced cooperation in the following areas:
    • Facilitating knowledge sharing from India on scaling-up renewable energy and clean energy technologies
    • Supporting India’s efforts on long term energy planning
    • Collaborating to strengthen the innovation climate in India
    • Moving towards cost-effective decarbonisation through catalysing development and deployment of green hydrogen.

Sustainable Development Report 2022

 

International Renewable Energy Agency (IRENA) 

  • About: The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that-
    • Supports countries in their transition to a sustainable energy future, and
    • Serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy.
  • Key Mandate: IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy.
    • IRENA Promotes this in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.
  • Participation: With more than 180 countries actively engaged, IRENA promotes renewable resources and technologies as the key to a sustainable future and helps countries achieve their renewable energy potential.
  • Key Functions: International Renewable Energy Agency (IRENA)-
    • Encourages governments to adopt enabling policies for renewable energy investments,
    • Provides practical tools and policy advice to accelerate renewable energy deployment, and
    • Facilitates knowledge sharing and technology transfer to provide clean, sustainable energy for the world’s growing population.

 

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