Department of Biotechnology (DBT) under the Union Ministry of Science and Technology has signed Memorandum of Understanding (MoU) with International Energy Agency (IEA) for enhancing innovation for Clean Energy Transition.
The MoU aims to deepen co-operation in support of clean energy innovations to accelerate research, development, and demonstration (RD&D) of clean energy technologies in India.
The MoU will also help support generation of data for policymaking and improve knowledge of good policy practices for innovation in India and around the world.
The MoU will ensure cooperation for sharing of energy policies on RD&D and sharing of best practices on data collection and analysis. It also has provision for activities such as training and capacity building and accelerating energy innovation by identifying sources of finance.
The MoU will be coordinated for Union Ministry of Science & Technology by Mission Innovation India Unit set up by DBT and for IEA it will be coordinated by its International Partnership and Initiatives Unit (IPI). It will be initially valid for three years.