India joins global body to tap renewable energiesJanuary 29th, 2009 - 4:17 pm ICT by IANS
New Delhi, Jan 29 (IANS) India will join the International Renewable Energy Agency (IRENA), a world body that acts as the global voice for renewable energies to help accelerate their development and deployment.A cabinet meeting chaired by Minister for External Affairs Pranab Mukherjee Thursday decided that India will forge partnerships with other member countries at the multilateral level for cooperation in technology transfer and joint research of renewable energy technologies.
Mandated by governments worldwide, IRENA aims at becoming the main driving force in promoting a rapid transition towards the widespread and sustainable use of renewable energy on a global scale.
The agency facilitates access to all relevant information including reliable data on the potential of renewable energy, best practices, effective financial mechanisms and state-of-the-art technological expertise.
“Keeping in view IRENA’s objectives and that it would be the only global inter-governmental body dedicated to renewables, India actively engaged in the consultation process and decided to join it as a founding member,” said an official statement.
The government will contribute $112,500 in the first year to this body that is akin to other multilateral organisations like the UN.
Tags: cabinet meeting, consultation process, driving force, energy agency, external affairs, financial mechanisms, founding member, global body, global scale, global voice, governmental body, member countries, multilateral level, multilateral organisations, pranab mukherjee, rapid transition, renewable energies, renewable energy technologies, sustainable use, technological expertise