Brisbane, Nov 16 Indian Prime Minister Narendra Modi Sunday proposed to G20 nations that a global virtual centre be set up for clean energy research and development.
He also pushed for rapid expansion of renewable energy in rural areas.
In his statement, Modi said: “Let us increase our collective research and development efforts and collaboration and ensure dissemination to all countries.”
“For this, I would propose that we set up a global virtual centre for clean energy research and development, with adequate public funding, which will fund collaborative projects in diverse sources of clean energy, smart grids, energy efficiency.”
Modi said India and the United States have built an excellent virtual centre on a bilateral basis, with matching public and private funding.
“We can select a team of outstanding experts to evaluate and judge research projects. The results should be available to all countries,” it said.
“We should also discuss innovative funding models to ensure rapid expansion of renewable energy in decentralised manner in rural areas.
“In countries like India, there are vast opportunities for those wishing to invest in clean coal technology, since our dependence will not reduce very soon,” Modi added.
He said: “Nuclear energy can still be a safe, reliable and clean source of energy. It will be an important part of our mix.”
Modi said energy efficiency is the best source of clean energy.
He said building energy efficiency and efficiency in areas such as buildings, household appliances and industrial goods in India is receiving strong attention.
He said G20 “can be effective in promoting an integrated the natural gas market, ensuring freer trade in gas and ensuring that the markets operate more efficiently”.
“Increased access to affordable, assured and clean energy supply for all should be our primary goal. It is a major economic opportunity for all countries,” Modi said.
“Let us make an ambitious and innovative effort to make renewable, especially solar energy, competitive with conventional energy,” Modi added.