Heads Of State Hail International Solar Alliance

The ISA’s five solar programs

It was India and France who front-ended the attempts to set up ISA and launched it on the first day of the United Nations conference on climate change held in Paris in November 2015.

The delegation will leave for Bhopal on March 13 and also, inspect the 50 MW solar park at Ichchawar in Sehore district.

"The fight for the environment is above all a political one".

French President Macron did not name Donald Trump at the founding conference of ISA in the capital on Sunday. "The European Investment Bank - the EU bank - welcomes the vision of the International Solar Alliance to ensure those countries most vulnerable to climate change can harness the proven potential of solar power". In 2016, during the visit of French President Francois Hollande to India the foundation stone of the headquarters of the ISA was laid down by the French President and the Indian Prime Minister. Additionally, over the last 7 years, 50% of the EIB's solar investment was located in developing and emerging economies, financing projects in Africa in Morocco, South Africa, and Burkina Faso; across Latin America in Nicaragua and Peru; in Asia in India and Vietnam; and Turkey and Israel. It aims to raise one trillion dollars in funding by 2030.

Triumurthi also told reporters that 23 heads of state, including French President Emmanuel Macron and Prime Minister Narendra Modi, participated in the ISA founding summit concluded today.

Modi said there should be a full ecosystem for availability and development of technology, economic resources, development of storage technology, mass manufacturing and innovation.

The joint financial partnership seeks to inject $1,000 billion into solar energy by the year 2030.

Addressing the summit in the presence of Prime Minister Narendra Modi, Macron said, "Mr Prime Minister, You made a dream and we did it".

France has committed to invest Euro 700 million (USD 862m) into the International Solar Alliance (ISA) so as to back photovoltaic (PV) projects in developing countries.

The ISA member states also agreed "to increase their efforts to pursue an increased share of solar energy in the final energy consumption in our respective national energy mix, as a means of tackling global challenges of climate change and as a cost effective solution by supporting and implementing policy initiatives and participation of all relevant stakeholders, as applicable, in our respective states". In addition, public sector undertakings of the government - Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA) - have contributed $1 million each for creating the ISA corpus fund. Our current regulatory framework seems woefully inadequate to deal with rising emissions.

Despite the right noises coming out of New Delhi, there is a lot more the Indian government needs to do.

Read also: A Pioneer in Climate Change Action, Odisha Will Now Help Others Prepare for Natural Disasters!

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