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  In Paris, Prime Minister Narendra Modi launches Global Solar Alliance

In Paris, Prime Minister Narendra Modi launches Global Solar Alliance

PTI
Published : Dec 2, 2015, 1:51 am IST
Updated : Dec 2, 2015, 1:51 am IST

India offers $30 million funding

Narendra Modi and French President Francois Hollande release a publication during the International Solar Alliance in Paris. PTI
 Narendra Modi and French President Francois Hollande release a publication during the International Solar Alliance in Paris. PTI

India offers $30 million funding

India has launched an ambitious alliance of 121 developed and developing sun-drenched countries and announced an assistance of $30 million to dramatically boost the use of clean solar energy and reduce global carbon emissions.

The International Solar Alliance was launched by Prime Minister Narendra Modi along with French President Francois Hollande on Monday on the sidelines of the 195-nation United Nations climate summit here to tackle climate change.

The alliance from both developed and developing countries aims to mobilise $1 trillion by 2030 to be invested in the generation of clean solar energy.

Mr Modi also announced that India will host the initiative in the premises of the National Institute of Solar Energy in Gurgaon.

“The vast majority of humanity is blessed with generous sunlight round the year. Yet many are also without any source of power. We want to bring solar energy into our lives and homes by making it cheaper, more reliable and easier to connect to grid,” Mr Modi told members of the alliance.

He said that India will provide land and contribute about $30 million to build the Secretariat infrastructure of the initiative and support its operation for the next five years until 2021.