Macron pledges US$700m euros for new solar projects

12 March, 2018, 06:21 | Author: Brenda Erickson
  • India all set to Challenge China in Solar Panel Manufacturing

ISA was launched by him at the India Africa Summit in New Delhi and the United Nations Climate Change Conference in Paris in October 2015 and November 2015, respectively.

The oblique reference was to US President Donald Trump's decision to pull out of the Paris climate agreement, which was signed by almost 200 countries in December 2015 in an effort to curb global greenhouse gas emission and limit global warming to within 2 degrees Celsius.

But, they are yet to sign the agreement. They started to act and to deliver complete results. "They didn't wait, they didn't stop because few countries made a decision to just leave the floor and the Paris agreement", he said. The video has been shared on Facebook by an Aam Aadmi Party (AAP) group called Aap Ka Kashyap with the title saying or rather making fun of the recent political developments in India where the Telugu Desam Party (TDP) withdrew its two ministers from the Union Cabinet led by the National Democratic Alliance (NDA). As much as 20-50 per cent of the population do not have access to power.

"We know the hurdles". We shall, therefore, lift every single one of them", the French President said, adding, "It is not enough to look at what governments are doing.

"We need a solar revolution not only in India but in the world", the Prime Minister asserted. "There is an huge opportunity at hand to bring its benefits to more and more countries around the world", said Amin. "So it is a good trade opportunity for France to export green technology to India and member countries of ISA".

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France will commit 700 million euros to the International Solar Alliance (ISA), President Emmanuel Macron said on Sunday at the founding conference of the organisation, reiterating the European country's commitment to the alliance and clean energy.

"It means that we will improve the regulations, the terms in order to support investments in renewable".

"By 2022, we will generate 175 GW of renewable energy of which 100 GW will be solar power", he said. Stressing on inclusiveness, Modi said a vast network of centres of excellence had to be created. "The existing ones are too expensive and do not cover all of the risks". It is working towards the deployment of over 1,000 GW of solar energy and to mobilise over $1 trillion into solar energy by the year 2030. "You are attracting investment, you are supporting them, you are training young people and so this is what we shall be doing. We are focusing more on propagating clean energy to help make a difference in environment protection".

"Ghana is located around the equatorial sun belt with many parts of the country enjoying high levels of Solar radiation all year round". The PPF fills the capacity gap in identifying a need, conceiving a project and preparing a proper proposal.

Prime Minister Narendra Modi today called for concessional financing and less-risky funds for solar projects to raise the share of solar power in the energy basket, provide cheaper electricity and cut carbon emissions.



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