UK-India agree £3.2bn partnership on energy and climate change

The UK and India have announced a partnership on energy and climate change. It includes £3.2 billion worth of commercial agreements, joint research programmes and initiatives to share technical, scientific, financial […]

Register now!

By Jacqueline Echevarria

The UK and India have announced a partnership on energy and climate change.

It includes £3.2 billion worth of commercial agreements, joint research programmes and initiatives to share technical, scientific, financial and policy expertise to support economic growth, energy security and access.

It comes as Indian Prime Minister Narendra Modi is on a three-day visit in the UK.

UK Energy Secretary Amber Rudd said: “This will encourage the research, development and eventual deployment of clean technology, renewables, gas and nuclear. As part of the package, we’re announcing the UK Climate Investments joint venture with the Green Investment Bank. This will invest up to £200 million in renewable energy and energy efficiency in India and Africa.”

Both countries also a signed a Nuclear Co-operation Agreement and a Memorandum of Understanding related to closer civil nuclear collaboration.

They also urged on the need for an ambitious and comprehensive global agreement to tackle climate change at the COP21 conference in Paris.

It should signal to investors and innovators the long term commitment of governments for more sustainable economies, they stated.

Ms Rudd added: “The upcoming talks in Paris will be a crucial moment in the fight against climate change and I am pleased to be able to work closely with India to ensure that the deal we secure helps to keep the below 2°C limit on global warming within reach.”

Last week Energy Minister Andrea Leadsom said at the Energy live 2015 conference that the new nuclear power station to be built at Hinkley Point in Somerset is “good value for money”.