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NITI Aayog and the Netherlands Signed SoI on Decarbonization and Energy Transition Agenda

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NITI Aayog and Embassy of the Netherlands sign Statement of IntentThe Central and State Governments are focused towards low carbon industrialization and are laying emphasis on renewable energy by formulating policies for providing incentives on adopting electric vehicles like Gujarat Govt Announced Subsidy Schemes for E-Scooters, Rickshaws. India is committed to reduce carbon emissions’ intensity by 33%–35% by 2030 and for this nation is collaborating internationally to achieve the ambitious sustainable targets.

In this regard, on September 28, 2020, a Statement of Intent (SoI) was inked between NITI (National Institution for Transforming India) Aayog and Embassy of the Netherlands in New Delhi, to combine the expertise of both nations (Indo-Dutch) in supporting the decarbonization and energy transition agenda for accommodating cleaner and more energy.

  • It was signed by NITI Aayog Chief Executive Officer (CEO) Amitabh Kant and Ambassador of the Netherlands to India Marten van den Berg.
  • Notably, India is expertised in deploying high-tech solutions in a cost-effective manner, while the Netherlands is proficient in low carbon technologies.
  • Decarbonization refers to the reduction or elimination of carbon dioxide from energy sources.

About Indo-Dutch MoU:

As a part of this MoU, a platform will be created enabling partnership between stakeholders and influencers, including policymakers, industry bodies, OEMs (original equipment manufacturers), private enterprises, and sector experts to co-create innovative technological solutions regarding Decarbonization. It’s key elements are:

  1. Lowering the net carbon footprint in industrial and transport sectors 
  2. Realise the target potential of natural gas and promote bio-energy technologies 
  3. Adopt clean air technologies from monitoring to reducing actual particulates 
  4. Adopt next-generation technologies, such as hydrogen, carbon capture utilization, and storage for sectoral energy efficiency 
  5. Financial frameworks to deliver and adopt climate change finance.

India- Netherland Relations:

-The Netherlands is India’s 6th largest EU (European Union) trading partner.

-20% of India’s exports to the European continent go through the Netherlands.

– From April 2000 to March 2019, the Netherlands was the 5th largest investor into India with overall inflows of USD 28.7 billion.

Recent Related News:

i.The final report of the NITI  Aayog Task Force headed by Ramesh Chand, Niti Aayog Member(Agriculture), “Sugarcane and Sugar Industry” recommended linking of Sugarcane prices to sugar rate to maintain the financial state and stability of the industry and to clear the arrears of the sugarcane farmers.

ii.On 27th August, 2020 NITI Aayog launched the India Component of the Nationally Determined Contributions (NDC)- Transport Initiative for Asia (TIA). The NDC-TIA India team will focus on establishing a multi-stakeholder dialogue for decarbonizing transport and providing technical support on GreenHouse Gas emission reduction measures in India.

About NITI Aayog:
Chairman–Prime Minister (Narendra Damodardas Modi) 
Headquarter– New Delhi

About The Netherland:
Capital– Amsterdam
Currency– Euro
Prime Minister– Mark Rutte
Ambassador of India to the Netherlands– Venu Rajamony