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Two railway engine factories to be set up in Bihar: Narendra Modi
COP 21 is an annual forum to tackle climate change on a global political level. Yet there’s merit to Modi’s argument, and success in Paris requires that all countries recognize it.
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Having a stable government is a very big thing and this can’t be ignored. While coal is still the cheapest and most abundant domestic fuel source, it is getting more expensive and harder to dig from the ground.
India has a huge interest in the mass roll-out of solar power in which some of its own firms, such as Tata Power, are highly active.
India has an exceptionally wide electricity gap: About a fourth of its citizens, some 300 million people, lack access to electricity. And, by definition, it will. But his country is still expected to triple its greenhouse gas emissions by 2030. Last week, Secretary of State John Kerry branded India and its 1.25 billion people a “challenge” on climate change because they keep building carbon-spewing power plants.
“In our world we can not have a ideal agreement”, said Ban. French President Francois Hollande was more apocalyptic, warning the world was at a “breaking point” on climate change. And, dollar for dollar, money devoted to mitigation in poorer countries is well spent. The Prime Minister presented “Convenient Action”, a book he has written on the Gujarat experience with solar energy and a music CD with songs on the environment to Mr. Hollande.
Now when they have developed nuclear power then only asking and blaming the other nations to stop burning the coal as energy to power its industrial sectors and civic life. The plan includes adding 100 gigawatts of solar PV, up from around 4 gigawatts today.
Underlining that the country can not move forward by “tu tu, mai mai” (bickerings), Modi advocated the need for consensus while decrying the tendency to link everything to politics. “In the U.S.it’s about 65 times higher”.
India is investing $30 million to set up the agency’s headquarters in India, and it aims to raise $400 million from member nations and other groups.
Industry was represented at Monday’s launch ceremony by France’s solar leader Engie, whose CEO Gerard Mestrallet said the energy form was already cost competitive without subsidies in some regions.
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Centre should extend help to state from the Agriculture Price Stabilization Fund to help rubber growers, he said. And India could cooperate with Western companies by offering itself as a test bed for new technologies – to draw energy from ocean waves and tides, for instance. Both China and India have been under pressure to make commitments on setting new limits on carbon emissions starting in 2025.