DBT & IEA signed MoU on Enhancing Innovation for Clean Energy Transition

The Department of Biotechnology (DBT), Ministry of Science and Technology, and the International Energy Agency (IEA) signed a Memorandum of Understanding (MoU) on Enhancing Innovation for Clean Energy Transition. The MoU seeks to deepen co-operation in support of clean energy innovations to accelerate the research, development, and demonstration (RD&D) of clean energy technologies in India and will help support the 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. This MoU also has a provision for activities such as training and capacity building and accelerating energy innovation by identifying sources of finance. This agreement will be coordinated for the Ministry of Sceince & Technology by the Mission Innovation India Unit set up by DBT and for IEA by its International Partnership and Initiatives Unit (IPI) and is initially valid for three years.