NITI Aayog, Netherlands embassy sign SoI to support decarbonisation

New Delhi (NVI): NITI Aayog and Embassy of the Netherlands, New Delhi, signed a Statement of Intent (SoI) to support the decarbonization and energy transition agenda for accommodating cleaner and more energy.

The SoI was signed by NITI Aayog CEO Amitabh Kant and Ambassador of the Netherlands to India Marten van den Berg. Through this collaboration, NITI Aayog and the Dutch Embassy seek a strategic partnership to create a platform that enables a comprehensive collaboration among stakeholders and influencers, including policymakers, industry bodies, OEMs, private enterprises, and sector experts.

The focus of the partnership is on co-creating innovative technological solutions by leveraging the expertise of the two entities. This will be achieved through an exchange of knowledge and collaborative activities, according to a statement by NITI Aayog.

Key elements include i) lowering the net carbon footprint in industrial and transport sectors ii) realise the target potential of natural gas and promote bio-energy technologies iii) adopt clean air technologies from monitoring to reducing actual particulates iv) adopt next-generation technologies, such as hydrogen, carbon capture utilization, and storage for sectoral energy efficiency v) financial frameworks to deliver and adopt climate change finance, the statement added.

Amitabh Kant, CEO, NITI Aayog, said, ‘We are committed to reduce emissions’ intensity by 33–35 per cent by 2030. With the focus on carbon intensity of products sold across the world, low carbon industrialization is the next huge opportunity for India.”

The Netherlands and India share a long history of trade and investment. It is India’s sixth largest EU trading partner—as much as 20 per cent of India’s exports to the European continent goes through the Netherlands, making it India’s ‘gateway to Europe’— and one of the top five investors in the country. It is also the third largest source of Foreign Direct Investment for India.