World leaders pledge to use more solar power, create jobs at founding conference of International Solar Alliance
Speaking alongside Prime Minister Narendra Modi at the founding conference of the International Solar Alliance (ISA), French President Emmanuel Macron said there are financing and regulation hurdles for achieving the solar power capacity target
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Member states at the founding conference of the International Solar Alliance (ISA) in New Delhi on Sunday pledged to pursue an increased share of solar energy in their overall power consumption thereby realising the huge potential the sector offers to create jobs and empowering poorer communities. PTI
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A three-page ‘Delhi Solar Agenda’ issued at the end of the conference stated that the ISA reiterated its commitment to the 2030 UN Agenda for Sustainable Development. Modi waits to receive heads of states at the International Solar Alliance founding conference in New Delhi. AP
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The ISA was conceived as a coalition of solar resource-rich countries to address their special energy needs. It is open to all 121 prospective member countries falling between the Tropics of Cancer and Capricorn. Of these, 61 have signed the framework agreement. Modi welcomes Bangladesh President Abdul Hamid at ISA. AP
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The Delhi Solar Agenda emphasised that “our endeavour has the potential to achieve sustainability by generating growth, enhancing skills, creating jobs, unleashing entrepreneurship, fostering innovation and increasing incomes”. Modi welcomes French president Emmanuel Macron. AP
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It also called for exploring innovative financing mechanisms that can generate a sustainable market for the deployment of cost-effective solar technologies, coupled with constructive policy initiatives to catalyse public and private investments to reduce the cost of solar projects in developing countries. Modi with Roch Marc Christian Kabore, the President of the Republic of Burkina Faso. AP
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Addressing the inaugural session of the conference, Prime Minister Narendra Modi presented a 10-point action plan to promote the use of solar energy. Modi said there should be a full ecosystem for availability and development of technology, economic resources, development of storage technology, mass manufacturing and innovation. PTI
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French President Emmanuel Macron, who co-chaired the conference with Modi, announced an additional investment of 700 million euros for global solar energy generation by 2022 to reduce the use of fossil fuel and help combat climate change. PTI
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Without taking US President Donald Trump’s name, Macron said that while some left the climate deal, others stayed because they wish good for their children and grandchildren. Modi hugs Macron ahead of the ISA summit. AP
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Macron lauded India’s solar commitments that has 20 GW installed solar capacity — one of the fastest growing in the world. The country has increased its solar power capacity by about eight times over the past four years. President of India, Ram Nath Kovind, pose with Heads of State participating in the Founding Conference of International Solar Alliance at Rashtrapati Bhavan. PTI
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