ESG Post

Clean Energy

IEA & IIT Delhi sign MoU to drive clean energy innovation

The International Energy Agency (IEA) and the Indian Institute of Technology Delhi (IIT Delhi) have signed a Memorandum of Understanding (MoU) aimed at accelerating energy technology innovation to reduce emissions and foster clean energy transitions. The MoU was signed at the IEA Headquarters in Paris by IEA Executive Director Fatih Birol, with IIT Delhi Director Rangan Banerjee and Deputy Director for Strategy & Planning Ambuj Sagar joining remotely. Indian Ambassador to France, Jawed Ashraf, was also present for the signing.

The MoU establishes a framework for cooperation between the IEA and IIT Delhi, emphasising collaboration on policy analysis to foster energy innovation and exchange information on energy technology trends, particularly in emerging and developing economies. This partnership aims to leverage IIT Delhi’s expertise as one of India’s premier technology institutes and the IEA’s global energy insights to address the challenges of the clean energy transition.

Recently, IIT Delhi and the IEA published a joint report titled Clean Energy Innovation Policies in Emerging and Developing Economies, exploring economic opportunities and the role of policy in expanding the clean energy economy across emerging markets. The report was launched at the 15th Clean Energy Ministerial and the 9th Mission Innovation Ministerial in Foz do Iguaçu, Brazil, where global experts discussed strategies for advancing sustainable energy innovation.

IEA’s Executive Director Fatih Birol said, “The IEA looks forward to working closely with IIT Delhi on some of the most pressing energy challenges facing the world today. The potential for emerging and developing economies in the new energy economy is vast, but the policies, investment and expertise must be tapped if it is to be realised. This MoU will help address some of the existing barriers through knowledge sharing, best practices and tangible actions that can support countries to deploy clean energy technologies and make progress on their climate and energy goals.”

IIT Delhi’s Director Rangan Banerjee said, “We are delighted to be partnering with the IEA to work on the clean energy transition. We believe this partnership can help us build capacity to address the climate and sustainability challenge and develop future-ready graduates for society. IEA and IIT Delhi together can enable strategies for developing and emerging economies to manage the transition to net zero.”