Dear Readers,
Prime Minister Narendra Modi’s visit to the UK was recently in
the news and could be important for your exams.
The two nations signed the Civil Nuclear Agreement for
cooperation in India’s Global Centre for Clean Energy Partnerships.
Background
PM Narendra Modi visited the UK from November 12-14, 2015
with the aim of strengthening the partnership the countries have. Besides a civil
nuclear cooperation agreement, 20 other pacts and collaborations were finalised
between Indian and British firms.
Highlights
·
Among the important deals made, the Civil Nuclear
Agreement was particularly significant. Modi called the agreement “a symbol of
our mutual trust” in a joint statement with the British PM David Cameron.
·
A Memorandum of Understanding (MoU) was also
signed between the UK and the Indian Department for Atomic Energy to promote joint
training and experience sharing in the area of civil nuclear with the Indian
Global Centre for Nuclear Energy Partnership.
·
Since India greatly values defence and security
cooperation with Britain, this agreement is very crucial for the relation
between the two nations.
·
A “comprehensive package” of collaboration on
energy and climate change, aims to enhance economic growth, energy security and
energy access.
·
The package comprises £3.2 billion ($4.9
billion) of commercial agreements, joint research programs and schemes to
collaborate on technical, scientific, and financial and policy expertise.
·
The two countries agreed on the need for an
“ambitious and comprehensive” global agreement to tackle climate change problems
under the United Nations Framework Convention on Climate Change (UNFCCC) at the
Paris Climate Change Conference in December.
·
Both the Prime Ministers expressed that scientists
from UK and India should work together and develop low-cost, low-carbon, energy,
which would be crucial for the future. In this direction, the nations have
established a new £10 million ($15 million) joint research collaboration in
latest technologies.
·
PM Cameron also emphasised on UK’s commitment to
reduce its greenhouse gas emissions by at least 80% by 2050. PM Modi reiterated
India’s commitment to decrease its emission intensity by 33-35% by 2030.
·
The two leaders also discussed the Paris Agreement
in detail and said that they support “global stock takes, covering both action
and support, periodically in order to achieve the objective of the Convention”.
·
They also stressed on the importance of climate finance
and of developed countries following their commitment to jointly mobilise $100
billion every year by 2020.
·
Citing the significance of the Intergovernmental
Panel on Climate Change (IPCC), both agreed to work together and support the India-UK
co-chairs of IPCC Working Group III as they begin the work on assessing options
for countering climate change in the IPCC’s 6th Assessment Cycle.
·
The British PM announced that the UK Climate
Investment venture with the Green Investment Bank, which will invest £200 million ($304 million) of UK climate
finance in renewable energy as well as energy efficiency projects in India and
Africa.
·
PM Cameron also announced British funding for the
India Innovation Lab for Green Finance, an independent Indian initiative endorsed
by the Indian government to merge private and public sectors and come up with
innovative solutions to tackle problems in energy finance.
·
A five-year program of Technical Assistance
worth £10 million will also be in place to support national and state-level reforms
in India’s power sector. Further, there will be a new Chevening Fellowship Scheme
for clean energy and climate change.
·
Another important deal inked was the £2 billion
investment in India by the British solar energy generator Lightsource Renewable
Energy. An additional £1.3 billion investment was declared by telecom giant
Vodafone.
These are the major points to be remembered in the India-UK
bilateral relations. If you can understand these well, you will be able to
answer questions pertaining to this topic with greater ease.
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