The Union Cabinet on 25 May 2016 gave ex-post facto approval to the MoU between Indian and Japan for promoting sustainable, stable and low-carbon thermal power development in India.
The Memorandum of Understanding (MoU) will help India in formulating suitable policies and developing technologies involved in producing sustainable, stable and low-carbon thermal power.
The agreement will support Clean Coal Technology (CCT) for thermal power plants such as Ultra Super Critical (USC) and other environmental technologies.
It will also explore possibilities for acquisition of carbon credits with bilateral or multilateral offset schemes that are anticipated to be materialized in the future as a result of low-carbon power development.
Read more on India-Japan relations
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