H.E. Mr. Mario Draghi, President of the Council of Ministers of the Italian Republic and H.E. Mr. Narendra Modi, Prime Minister of India, had a bilateral meeting on the sidelines of the G20 Leaders’ Summit hosted by Italy in Rome on October 30-31, 2021.

The two Leaders acknowledged significant progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They expressed their resolve to strengthen cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue of accelerating the clean energy transition to fight climate change, central to both the G20 Leaders Summit in Rome and the COP26 in Glasgow.

They also recalled the India-EU Leaders’ Meeting held in Porto on May 8, 2021, where the European Union and India highlighted the urgency of addressing the interdependent challenges of climate change, biodiversity loss and pollution and agreed to deepen cooperation for accelerating the deployment of renewable energy, including deployment of innovative renewable technologies such as offshore wind energy and exploiting the potential of green hydrogen, promoting energy efficiency, developing smart grids and storage technologies, modernizing the electricity market.

In addition, both sides agreed on the utmost importance of cost effective integration of a growing amount of renewable energy into their respective power systems, as a key asset for an effective clean transition that generates jobs, GDP growth, reinforces universal energy access while eradicating energy poverty.

In this perspective, the two Prime Ministers appreciated India’s resolve to deploy 450 GW of renewable energy by 2030 as well as Italy’s prompt ratification and active support to the International Solar Alliance, and agreed to launch a bilateral strategic partnership in the domain of energy transition.

Such a partnership could build on existing bilateral mechanisms, including by giving new impetus to the cooperation on renewable energy and sustainable development between the Italian Ministry of Ecological Transition and its Indian counterparts, namely the Ministry of New and Renewable Energy, the Ministry of Power and the Ministry of Petroleum and Natural Gas.

In order to promote their partnership in energy transition, Italy and India will:

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DS/SH

H.E. Mr. Mario Draghi, President of the Council of Ministers of the Italian Republic and H.E. Mr. Narendra Modi, Prime Minister of India, had a bilateral meeting on the sidelines of the G20 Leaders’ Summit hosted by Italy in Rome on October 30-31, 2021.

The two Leaders acknowledged significant progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They expressed their resolve to strengthen cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue of accelerating the clean energy transition to fight climate change, central to both the G20 Leaders Summit in Rome and the COP26 in Glasgow.

They also recalled the India-EU Leaders’ Meeting held in Porto on May 8, 2021, where the European Union and India highlighted the urgency of addressing the interdependent challenges of climate change, biodiversity loss and pollution and agreed to deepen cooperation for accelerating the deployment of renewable energy, including deployment of innovative renewable technologies such as offshore wind energy and exploiting the potential of green hydrogen, promoting energy efficiency, developing smart grids and storage technologies, modernizing the electricity market.

In addition, both sides agreed on the utmost importance of cost effective integration of a growing amount of renewable energy into their respective power systems, as a key asset for an effective clean transition that generates jobs, GDP growth, reinforces universal energy access while eradicating energy poverty.

In this perspective, the two Prime Ministers appreciated India’s resolve to deploy 450 GW of renewable energy by 2030 as well as Italy’s prompt ratification and active support to the International Solar Alliance, and agreed to launch a bilateral strategic partnership in the domain of energy transition.

Such a partnership could build on existing bilateral mechanisms, including by giving new impetus to the cooperation on renewable energy and sustainable development between the Italian Ministry of Ecological Transition and its Indian counterparts, namely the Ministry of New and Renewable Energy, the Ministry of Power and the Ministry of Petroleum and Natural Gas.

In order to promote their partnership in energy transition, Italy and India will:

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DS/SH