Coal News We love to talk!
Keeping to its role of being a key participant in the global initiative on clean energy research, India has announced setting up the first international incubator to promote innovation in this field. The incubator will come up in the capital with a total investment of around $5 million.
“We, as part of the ‘Mission Innovation’ country, are setting up an international level incubator in Delhi. Stakeholders from across the world will come here and work in the field of clean energy innovation,” said Union science & technology minister Harsh Vardhan.
The incubator, being set up in public-private partnership, will promote entrepreneurship and innovations in the area of clean energy and provide opportunities to innovators across the Mission Innovation countries to test their technologies in local market.
The Mission Innovation is a global initiative of 22 countries and European Union (EU) to accelerate clean energy innovation. It was launched on the sidelines of the UN climate change conference during the Prime Minister Narendra Modi’s visit to Paris in November, 2015.
US, China, Japan, South Korea, Australia, Brazil, Canada, UAE, UK, Mexico, Sweden, France and Germany are among the other member countries of this group.
The participating countries, as part of the initiative, have pledged to double their collective investments in energy R&D funding of over $15 billion annually to over $30 billion by 2021. These countries collectively, at present, account for more than 80% of the world’s total public financing of clean energy R&D.
Vardhan said, “We have already announced $10 million for smart grid innovations and another $5 million for bio-fuels innovation as part of our commitments to promote clean energy.”
Besides, India has launched the joint ‘virtual clean energy centre’ with the UK and the joint ‘clean energy research and development centre on energy storage and smart grids’ with the US.
- Electricity connection to all by 2017 end, says CM Nitish Kumar TNN | October 30, 2016, 08:04 IST Read more
- Kirloskar partners with Gulf Petrochem to launch K-Oil Read more
- Tata Power eyes SAARC, South East Asia, Africa for growth Read more
- Tata Steel sets up largest coke cooling unit at Kalinganagar in Odisha Read more
- Oil minister Dharmendra Pradhan lays foundation stone of Octomax unit at Mathura Read more
- Hyundai looking for new partner to bid for building LNG ships for GAIL Read more
- Actis in talks to promote new renewable energy platform, after Ostro success Read more
- Delhi govt pulls up discoms for power outages Read more
- Coal India allocates 30 per cent less coal under spot e-auction in November Read more
- Gas price cut to dent ONGC, OIL earnings by Rs 2,000 crore in the second half current fiscal Read more