The Department of Biotechnology (DBT), Ministry of Science and Technology, and the International Energy Agency (IEA) signed a Memorandum of Understanding (MoU) on Enhancing Innovation for Clean Energy Transition. The MoU seeks to deepen co-operation in support of clean energy innovations to accelerate the research, development, and demonstration (RD&D) of clean energy technologies in India and will help support the generation of data for policymaking and improve knowledge of good policy practices for innovation in India and around the world. This will ensure cooperation on sharing of data regarding energy and its analysis. India leads the innovation challenges and houses the international energy incubator. India is the innovation lead in clean energy development. IEA recognizes that India is on the central stage of global energy. India is probably the only country, which has established a separate mission innovation secretariat. MST will seriously take forward the programmes identified under the present MoU. The MoU will ensure cooperation for sharing of energy policies on RD&D and sharing of best practices on data collection and analysis. This MoU also has a provision for activities such as training and capacity building and accelerating energy innovation by identifying sources of finance. This agreement will be coordinated for the Ministry of Science & Technology by the Mission Innovation India Unit set up by DBT and for IEA by its International Partnership and Initiatives Unit (IPI) and is initially valid for 3 years.
- Business News
- MoU signed between Department of Biotechnology and IEA on enhancing innovation for the clean energy transition