16 Nov 2010 12:11:26
UK and India to partner on low carbon growth
India and the UK are to work in close collaboration to ensure growth while moving towards a low carbon economy, according to a new report by business leaders.
The study suggested that both countries have similar imperatives for cutting their carbon emissions – energy security, job creation, and a reduction in the use of fossil fuels – and these "common objectives" will provide opportunities to work together.
Local power generation, which reduces losses of power through transmission and distribution, was said to be an area of interest for both countries – particularly in India where 450 million people still do not have access to the national grid.
Speaking at the launch of the report, entitled UK-Indian Collaboration for a Prosperous Low Carbon Economy, foreign secretary William Hague said it "constitutes a serious step forward for collaboration between the UK and India on the low carbon business opportunities that will drive our future economies and create the jobs of tomorrow".
India released carbon emissions figures based on 2007 statistics earlier this year, which revealed it was the fifth largest producer of CO2 in the world.