The Forward Action Plan On Power was signed at the 3rd India-UK Energy for Growth PARTNERSHIP Ministerial Energy Dialogue.
Highlights:
Both India and UK agreed on the Forward action plan which includes, energy storage, smart grids, charging , green hydrogen, battery storage and the need to mobilising investments across RENEWABLE ENERGY.
India and UK also discussed the possibility of setting up a World Bank for green energy, which was the foreground to the forward action plan on power.
Energy transition activities were the majority discussed topics between the countries under which renewables like solar, wind, EVs and other alternative fuels were discussed.
There hasnt been much hold on the Climate-fund”>Green Climate Fund that was established to provide $100 billion yearly to emerging nations by 2020 in a bid to counter Climate Change.
Green hydrogen is produced by splitting water into hydrogen and Oxygen by electrolyser, powered by electricity from renewable energy like wind and solar.