India a red-hot investment opportunity for clean energy transition, says top US official

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Special Presidential Envoy for Climate John Kerrry (Image Source: Twitter/John Kerrry)

Top US official John Kerry praised Indian Prime Minister Narendra Modi for his commitment to addressing climate change challenges. 

On Thursday, Special Presidential Envoy for Climate John Kerry said that India is a red-hot investment opportunity for its clean energy transition and lauded Indian Prime Minister Narendra Modi for his commitment to addressing climate change challenges, which the Biden administration considers as an existential threat to humanity. While addressing the World Sustainable Development Summit 2021, Kerry said: “India is actually a red-hot investment opportunity for its clean energy transition.” 

Kerry also highlighted that India and the United States have worked closely on various issues and both countries will gain in the joint efforts to fight the climate crisis. He said: “We believe India can be one of the most critical transitional countries in this entire endeavor. I am confident that just as we have worked very closely on any number of issues in these last years, our two nations — the world’s two biggest democracies — have a great deal to gain from joining hands in our global leadership and confronting the climate crisis to meet this moment.” 

Kerry also said that PM Modi has made a very important contribution to this dialogue and stated that India is deeply committed to the climate change challenge and it has been for several years. He further added that he is looking forward to visiting India soon.

“You [Modi] are indisputably a world leader in the deployment of renewable energy and your leadership of the International Solar Alliance,” said Kerry. He added that the move was critical for not just India but also for other dynamic, growing economies in the world. 

Kerry also thanked Modi for India’s down payment on the clean energy transition that makes it a global market leader in solar and storage by 2040. In his speech, Kerry made it clear that under the Biden administration, India is a crucial partner to the United States. 

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