“In that, the U.S. Secretary of State, Mr. (John) Kerry, would be present and also the French President (Francois Hollande)”, he said.
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Addressing World Climate Change Conference in Paris, he said Pakistan believes that a comprehensive and meaningful climate change agreement must be anchored around the principle of common but differentiated responsibilities.
Modi expects the clean power initiative would require $100bn investment per year by 2020.
India has set the ambitious target of deploying non-fossil fuel electricity generating systems that supply 40 percent of the country’s cumulative installed capacity by 2030.
“The proposed solar alliance may help by permitting effective exploitation of economies of scale and comparative advantages of different countries in research and development, manufacturing, innovation and finance, while also allowing them to access technology and best practices from each other”. It is the result of global warming that came from an industrial age powered by fossil fuel.
“Since science has moved on and alternative energy sources are available, they argue that those just beginning their development journey bear no less responsibility than those who have reached the zenith of their progress”, he added.
“We share a collective ambition to undertake innovative and concerted efforts aimed at reducing the costs of financing and urgent technological deployment for competitive solar facilities throughout our country”, a membership statement by the alliance will say.
India’s Prime Minister Narendra Modi has launched in Paris an alliance of 121 sun-drenched countries, rich and poor, to dramatically boost the use of solar power.
“Yet, many are also without any source of power”, Modi said, adding that was why this alliance was so important.
“When a child is born, we plant a tree”.
We are determined to do so, guided by our ancient belief that people and planet are inseparable; that human well being and Nature are indivisible.
“I will also call for a change in lifestyles, so that we reduce the burden on our planet”.
“We will play our part”. We will have 175GW of renewables by 2022 and have imposed levies on coal and rationalized subsidies on petroleum products.
“This is an alliance that brings together developed and developing countries, industry and financial institutions in a common enterprise”, Mr Modi said, announcing US$30 million to host the initiative and build a secretariat building in India.
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Climate change is a major global challenge. In the speech he made some pretty astounding claims and suggestions about India’s future in Energy and renewable energy along with outlining the greater responsibility that rests over developed nations.
