Brexit Britain strikes bumper trade deal with India to share energy: ‘Mutual benefits’

Sturgeon given 'security blanket' with Green deal says expert

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Prime Minister Boris Johnson and the Indian Prime Minister will announce the Green Grids Initiative – One Sun One World One Grid – a collaboration between world powers to accelerate the development of an international system for renewable energy technologies like wind and solar power. The declaration has been welcomed by more than 80 countries and was announced in the presence of US President Joe Biden in Glasgow.

The high-level coalition will involve major governments, international organisations, legislators, business leaders, researchers and citizen groups.

A Ministerial Steering Group will lead a process to speed up the construction of large solar power stations and wind farms in prime locations, linked together by continental-scale grids crossing national borders.

The Steering Group includes France, India, the UK and the US, and will also have representatives from Africa, the Gulf, Latin America and Southeast Asia.

And Germany was at the first meeting as an observer as their post-election negotiations on forming a new government continue.

Australia was also present at the meeting.

Members of Parliament and Congress, renewable energy companies, university researchers and international development agencies will be working alongside governments as part of the deal.

Among the business leaders were Anand Mahindra, Chairman of one of India’s largest industrial groups, the Mahindra Group, and Paddy Padmanathan, CEO of ACWA Power, which holds the record for the world’s cheapest solar power.

In their One Sun Declaration, the leaders will say: “All the energy humanity uses in a year is equal to the energy that reaches the earth from the sun in a single hour. The sun never sets – every hour, half the planet is bathed in sunshine.

“By trading energy from sun, wind and water across borders, we can deliver more than enough clean energy to meet the needs of everyone on earth.

“We need new transmission lines crossing frontiers and connecting different time zones, creating a global ecosystem of interconnected renewables that are shared for mutual benefit.”

The organisers said that wind power must be used over large areas of land to generate a reliable energy supply.

Not only does the deal include large-scale solar and wind power connected through international grids, but the One Sun Declaration also stressed the need for other green investments like solar mini grids for remote villages, smart charging for electric vehicles to help balance green grids.

The declaration says: “Realising One Sun One World One Grid through interconnected green grids can be transformational, enabling all of us to meet the targets of the Paris Agreement to prevent dangerous climate change, to accelerate the clean energy transition, and to achieve the Sustainable Development Goals.”

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Already, Green Grids Initiative Working Groups made up of national and international agencies have been set up for Africa and for the Asia-Pacific region.

And the Green Climate Fund that was also set up in the climate negotiations to channel part of the $100billion (£730million) a year pledged by rich countries to help tackle climate change in the developing world, is leading a Finance Working Group.

That pledge was initiated by Gordon Brown when he was British Prime Minister 12 years ago at a climate summit, but that commitment has still never been met.

This also comes after Britain and India £1billion trade deal back in May that involved commercial trade and investment deals tipped to create more than 6,500 UK jobs.

Mr Johnson said of the deal signed back in May: “Like every aspect of the UK-India relationship, the economic links between our countries make our people stronger and safer.

“Each and every one of the more than 6,500 jobs we have announced today will help families and communities build back from coronavirus and boost the British and Indian economies.”

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