29 Dec '16, 3pm

Indian cabinet green light for International Solar Alliance

Indian cabinet green light for International Solar Alliance

The Indian government has given the final green light to ratify the International Solar Alliance (ISA) – the $1trn global solar initiative launched by India and France at the COP 21 climate summit in late 2015. The cabinet of Prime Minister Narendra Modi gave retrospective approval to ratification of the framework agreement underpinning the ISA, which aims to co-ordinate the efforts of more than 120 nations boasting good solar resources. The initiative was unveiled by Modi and French President Francois Hollande at the Paris summit with a pledge to seek to mobilise $1trn of investment by 2030. World Bank weighs in with $1bn finance pledge for Indian solar push Read more The partners said then that the new group will “undertake innovative and concerted efforts with a view to reducing the cost of finance and cost of technology for immediate deployment of competitive solar gen...

Full article: http://www.rechargenews.com/solar/1202529/indian-cabinet-...

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