Published: Sat, March 10, 2018
Global | By Marsha Munoz

ISA Summit big step towards greater global energy security: United Nations environment chief

ISA Summit big step towards greater global energy security: United Nations environment chief

Prime Minister Narendra Modi and French President Emmanuel Macron will co-chair the ISA summit on Sunday.

The ISA has been jointly hosted by India and France here.

Heads of state or government from 23 countries including France, Australia and Sri Lanka will attend Sunday's conference being co-hosted by India and France to promote solar energy.

It will focus on various aspects of promoting solar energy in the 121 countries associated with International Solar Alliance (ISA).

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The summit will deliberate on finance mechanism for the promotion of solar energy, crowd-funding and technology transfer.

Declarations on Saturday in New Delhi with the International Solar Alliance (ISA), the African Development Bank (AfDb), the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), the Green climate fund (GCF), and the New Development Bank (NDB).

Pointing out to the expected benefits of joining the alliance, Shaker said Egypt will be able to benefit from the alliance's programs in solar energy fields, adding that the alliance will enable Cairo to boost its cooperation relations with the ISA's member states. AfDB's transformative Desert to Power initiative in the Sahel and Sahara regions of Africa envisages 10 GW of solar power generation and providing clean energy to 90 million people.

The summit is of particular significance to India as it strives to achieve the ambitious target of generating 175 GW of renewable energy, including 100 GW of solar energy, by 2022.

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When the International Solar Alliance was announced in 2015, 121 nations situated between the Tropic of Cancer and the Tropic of Capricorn and receiving 300 days of sunlight were deemed eligible for membership.

PM Modi met Faure Essozimna Gnassingbe, President of the Republic of Togo; Enele Sopoaga, Prime Minister of Tuvalu; and Charlot Salwai, Prime Minister of the Republic of Vanuatu at Hyderabad House in Delhi, official sources said.

The two leaders also reaffirmed that the strengthening of the India-French technological cooperation on renewable energy was a "common priority" for encouraging the emergence and dissemination of innovation in all the sectors.

"International Solar Alliance is a milestone in the fight against climate change and pollution".

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