“India brought the most significant and game-changing announcement of the day with plans for a new solar alliance to provide solar energy access to the poor”, said WWF Global Climate and Energy Initiative leader Samantha Smith. “As you put clean energy within the reach of all, it will create unlimited economic opportunities that will be the foundation of the new economy of this century”, Modi enthused.
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“Climate justice means developing countries should have enough room to grow”, the prime minister said. During my visit to India earlier this year, we committed ourselves to a new, deeper partnership between our nations. The initiative is aimed at harnessing solar energy especially in solar rich countries. “This is in our collective interest”, Modi said. “We will enlarge our forest cover to absorb at least 2.5 billion tonnes worth of carbon dioxide”, Modi said.
Prime Minister Narendra Modi on November 30 said India will fulfil all its responsibilities with regard to climate change as he met US President Barack Obama on the sidelines of the climate summit.
Tim Buckley, the director of energy finance studies at Institute for Energy Economics and Financial Analysis, said till now most of the foreign investments have come into India from private sources.
Ajay Mathur, one of the key Indian negotiators said that 22 countries took part in the first meeting of the steering committee of the alliance held today and it saw a very large number of concrete suggestions on how to structure the ISA, the idea of which was mooted by Modi. “Technology is evolving and costs are coming down”, Modi said. He also mentioned his meeting with Afghan President Ashraf Ghani and trilateral meeting comprising him, President Ghani and British Prime Minister David Cameron.
“The world must turn to the sun to power the future”.
“We want to bring solar energy into our lives and homes, by making it cheaper, more reliable and easier to connect to grid”, he said.
“We still need conventional energy – we need to make it clean, not impose an end to its use”, the Indian leader told the summit.
In September, China announced the establishment of a $3 billion China South-South Climate Cooperation Fund to help developing countries cope with tradition to a low-carbon model of development.
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We will collaborate on research and innovation. “Mission Innovate” was described by the White House in a statement as “an initiative to dramatically accelerate public and private global clean energy innovation”.
