Insight Online News
Kolkata, Dec 18 : India and the United States have collaborated for a programme to support science and technology (S&T) based entrepreneurial initiatives for the development and implementation of next-generation clean and renewable energy to tackle climate and clean energy challenges.
The programme also involves energy storage, and carbon sequestration (the process of capturing and storing atmospheric carbon dioxide), according to official sources.
Titled “Technology-based Energy Solutions: Innovations for Net Zero” the programme calls for Ignition Grants – designed to stimulate commercialisation of research discoveries by providing very early stage grants by the United States-India Science & Technology Endowment Fund (USISTEF).
The USISTEF – in partnership with Social Alpha, a non-profit organisation promoting S&T entrepreneurship – will identify and support ‘technology showstoppers’ or promising joint India-US S&T-based entrepreneurial initiatives in this area, the sources said.
Climate Change is one of the biggest challenges facing the world today, spurring the call for global collaborations to tackle this crisis.
The launch of the U.S.-India Climate and Clean Energy Agenda 2030 partnership in April this year underscored the commitment of both nations to work together to achieve their ambitious climate and clean energy targets and to strengthen bilateral collaborations.
The new program aligns with the goals of the U.S.-India strategic Clean Energy Partnership and will be administered by the bi-national Indo-U.S. Science and Technology Forum (IUSSTF).
The IUSSTF is a bilateral organization under the Department of Science and Technology (DST), Government of India, and U.S. Department of State.
“The role of collaboration in science and technology to deliver innovative solutions to address a global challenge is appreciable,” said USISTEF Co-Chair Sanjeev Varshney.
“A good demonstrable technology innovation to address a specific challenge in the focus areas having commercial viability is expected under the partnership,” said Varshney, Indian government’s Science and Technology department Adviser & Head, International Bilateral Cooperation.
USISTEF Co-Chair John Speaks said the program will address the pressing need for solutions that leverage cutting-edge, disruptive clean energy technologies to accelerate progress toward net-zero.
Speaks, the Minister Counselor for Energy, Environment, Science and Technology (Acting), U.S. Embassy, New Delhi, said the new initiative targeting innovations for net-zero is another example of the robust U.S.-India comprehensive global strategic partnership.
It would use the power of the joint efforts of the United States and India to trigger the development of new joint clean energy technologies to address the urgent climate crisis.
“We have to grow the innovation pipeline at an unprecedented pace and invest heavily to reduce green premiums on critical clean technologies,” said Manoj Kumar, Founder & CEO, Social Alpha.
He also said there was the need to and attract entrepreneurial talent to create new markets and industries to transition to Net Zero, while making sure everyone has access to clean, affordable and reliable energy.