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Solar Alliance of 120 Countries Unveiled at COP21

An international solar alliance including more than 120 countries was launched in an announcement made by India’s prime minister Narendra Modi and French president, Francois Hollande, at the COP21 climate conference in Paris on Tuesday.

The majority of the signatory nations are based in the tropics, where solar solutions should have the greatest potential, both in terms of the energy production and potential economics.

The Indian government has declared its intention to invest an initial $30m in setting up the alliance. The group intends to raise $400m in total. Modi accompanied the announcement by declaring that India will draw 40% of its electricity from renewable energy by 2030.

Neither the size of the investment, nor India’s 40% target stand out in today’s renewable energy context and that is significant as a reflection of how far renewables have come. International coalitions and alliances supporting investment and technological development in areas like solar can only be positive.

Source: India Set to Unveil Global Solar Alliance of 120 Countries at Paris Climate Summit

Lead image licensed under CC – credit Flickr user: Jeremy Levine

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Seb Egerton-Read

Seb Egerton-Read

Seb writes daily content for Circulate across the full spectrum of the website's topics. Previously he has spent five years as a freelance writer for a number of websites and blogs. You can e-mail Seb at seb[at]circulatenews.org