COP 26 President Rt Hon Alok Sharma has expressed the willingness of the UK side to collaborate with India on Green Hydrogen during his meeting with the Union Minister of Power and Renewable Energy, R. K. Singh. 

Both the sides expressed their willingness to explore the possibility of establishing a World Bank for Green Energy which could materialise the proposal for US $100 billion per year climate finance pledged by the developed countries under the Paris Agreement. The UK side requested India’s support for organizing a successful COP26.

R. K. Singh expressed India’s interest in collaborating with the UK on offshore wind. He also stressed on the need of the developed and developing countries to work together to bring down the cost of storage.

He informed the delegation that India is the only G20 country whose actions are in accordance with the NDCs set by them under the Paris Agreement.

During the meeting, discussions were held on the need of increasing storage capacity in view of India’s ambitious target of having 450 GW of installed renewable capacity by 2030. The UK side was also invited to participate in the upcoming bids for Green Hydrogen and Lithium-ion.