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India-International Energy Agency (IEA) Signs MoU for Cooperation in Critical Minerals.

MOUs and Agreement | Dated: 21 Nov 2024

On November 13, 2024, the Ministry of Mines (MoM) signed a Memorandum of Understanding (MoU) with International Energy Agency (IEA) at Shastri Bhawan, New Delhi (Delhi) to enhance collaboration in the field of critical minerals. These minerals are vital for economic development and national security.

🎯 Key Highlights:

  • - This partnership is expected to provide India with access to reliable data, in-depth analysis, and policy guidance, strengthening its ability to manage critical resources strategically.
  • - The MoU will support India in refining its policies and regulatory frameworks for critical minerals, informed by the experiences of other IEA members.
  • - Capacity Building: It will enable knowledge sharing through joint research, workshops, and training programs, improving technical expertise in mineral extraction, recycling, and technology.

💡 Other Important Facts:

  • (i) Data and Analysis: India will gain advanced capabilities in data collection, modeling, and analysis, enhancing institutional capacity in the critical mineral sector.
  • (ii) India is an active member of the United States of America (USA)-led Minerals Security Partnership (MSP), an initiative focused on securing adequate supplies of critical minerals essential for achieving global zero-carbon emission goals.

📚 Test Your Knowledge:

Recently, India signed an MoU with which organization for cooperation in critical minerals?

Correct Answer: IEA

🚀 Quick Recap:

About International Energy Agency (IEA)

  • Executive Director (ED): Fatih Birol
  • Headquarters :Paris, France