At the Leaders’ Summit on Climate on 22 April 2021, Prime Minister Narendra Modi and President Joseph Biden agreed to launch a high-level India-US Partnership which envisages bilateral cooperation on strong actions in the current decade to meet the goals of the Paris Agreement. Governments of the Republic of India and the United States of America issued the following statement:
"India and the United States are launching the "India-US Climate and Clean Energy Agenda 2030 Partnership.” Led by Prime Minister Modi and President Biden, the Partnership will represent one of the core venues for India-US collaboration and focus on driving urgent progress in this critical decade for climate action. Both India and the United States have set ambitious 2030 targets for climate action and clean energy. In its new nationally determined contribution, the United States has set an economy-wide target of reducing its net greenhouse gas emissions by 50-52 percent below 2005 levels in 2030. As part of its climate mitigation efforts, India has set a target of installing 450 GW of renewable energy by 2030. Through the Partnership, India and the United States are firmly committed to working together in achieving their ambitious climate and clean energy targets and to strengthening bilateral collaboration across climate and clean energy.
The Partnership will aim to mobilize finance and speed clean energy deployment; demonstrate and scale innovative clean technologies needed to decarbonize sectors including industry, transportation, power, and buildings; and build capacity to measure, manage, and adapt to the risks of climate-related impacts. The Partnership will proceed along two main tracks: the Strategic Clean Energy Partnership and the Climate Action and Finance Mobilization Dialogue, which will build on and subsume a range of existing processes. Through this collaboration, India and the United States aim to demonstrate how the world can align swift climate action with inclusive and resilient economic development, taking into account national circumstances and sustainable development priorities".