Energy Security Current Affairs - 2020

India-Denmark sign MoUs

The Ministry of Power, India and Ministry of Energy, Utilities and Climate, Denmark signed Memorandum of Understanding on Energy Cooperation.

Highlights

Under the MoU, the countries have agreed to collaborate in areas such as long- term energy planning, offshore wind, consolidation of grid codes, incentivize power plants, increase flexibility in power purchase agreements. Through this, the Indian electricity markets are to benefit to a larger extent.

A joint work group is to be set up to establish specific details.

Recent news about Denmark

In April 2020, the United States offered financial aid to Greenland that angered Denmark. Greenland is an autonomous island that is under the territory of Denmark Kingdom. The financial help being offered are seen by Denmark as extension of colonial policy of US towards Greenland.

Greenland has largest deposits of rare-earth metals such as praseodymium, neodymium, dysprosium and terbium. For a long time, China has been the supplier of these rare-earth metals. Also, Arctic ice is melting at faster rate and opening up waters for maritime and military trade.

May 16: International Day of Light

Every year, on May 16, International Day of Light is celebrated by UNESCO. The day is being celebrated to mark the first successful operation of LASER in 1960. The first successful LASER operation was done by an engineer and physicist Theodore Maiman.

Highlights

The day celebrates the role of light in art, culture, science, sustainable development and education. The day is administered by International Basic Science Programme that is conducted by UNESCO.

International Basic Science Programme

The Programme was established by UNESCO and its member states to reinforce intergovernmental cooperation between partner organizations to strengthen national capacities in basic sciences.

Goals

The International Day of Light day aims to improve the public understanding of how light and light based technologies help in development of future society. It also signifies the fact that technology help in playing greater role in saving energy and therefore, lighting technologies need to be protected.