Joint Green Energy Transition Fund with The US will Help Achieve Renewable Energy Goals
11.18.2023 By Tank Terminals - NEWS

November 18, 2023 [CNBC]- The green energy transition fund will help India’s ambitious goals of renewable energy generation, said Union minister of commerce and industry Piyush Goyal. He was representing India at the announcement of the US-India Green Transition Fund in the US.

 

The fund will be jointly-managed by the US Development Finance Corporation (DFC) and India’s National & Infrastructure Fund (NIIF). Goyal, while attending the Aisa-Pacific Economic Cooperation (APEC) leaders’ meeting 2023, also met US President Joe Biden at the welcome reception, and met with US Treasury Secretary Janet Yellen and Japan’s PM Fumio Kishida on the sidelines,
Speaking at the Informal Dialogue of Leaders’ of APEC on Sustainability, Climate, and Just Energy Transitions, where India was invited as a guest economy, Goyal highlighted the country’s work towards environment preservation and urged for a collective effort through sharing of best practices, investment in research and development and financial and technological support for developing countries.

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