Northwest Europe Cooperative Event
Part of: Mains GS-II: Effect of policies and politics of developed and developing countries on India’s interests
In News: India participated in the Ministerial session of the Green Grids Initiative-One Sun One World One Grid (GGI-OSOWOG) Northwest Europe Cooperative Event, which saw a multi-layered dialogue for developing cross-border trading of renewable electricity.
- Affirmed its commitment to the environment and the cause of clean energy and energy transition
- Highlighted India’s target of achieving 450 GW of installed renewable energy capacity by 2030
- Underlined that India is well on its way to achieving its Nationally Determined Contributions (NDCs) relating clean energy and emission reduction well ahead of the target date.
- Presented the GGI-OSOWOG initiative as a possible solution for driving down the need for storage and in effect reduce the costs of the energy transition.
- Sustainable development and climate change mitigation are at the heart of the GGI-OSOWOG initiative, and that the scale of the project could very well make it the next biggest modern engineering marvel.
- The idea for the One Sun One World One Grid (OSOWOG) initiative was put forth by the Prime Minister of India Shri Narendra Modi, at the First Assembly of the International Solar Alliance (ISA) in October 2018. He had called for connecting solar energy supply across borders.
- In May 2021, the United Kingdom and India agreed to combine forces of the Green Grids Initiative and the One Sun One World One Grid initiative and jointly launch GGI-OSOWOG at the COP26 summit being hosted by the UK at Glasgow in November 2021.
News Source: PIB