Shifting the energy needle in the right direction

22-Nov-2016 #Ideas Source: India Inc

by Vikram Mehta

As the world, especially emerging economies, grapple with the challenges posed by climate change, it is essential to come up with innovative solutions to address energy shortages that can significantly benefit people with no or limited access to energy. An International Finance Corporation (IFC) expert analysis where India fits in.

At COP 21 in Paris last year, leaders from across the world recognised climate change as an urgent and irreversible threat to the planet that required nations to curb greenhouse-gas emissions. The dialogue encouraged nations to scale up funding to help developing countries shift to green energy and fortify themselves against climate-change impacts.

The partnership between India and France to form the International Solar Alliance (an association of 121 countries led by India) to collaborate on increasing solar energy use around the world, will mobilise $1 trillion investments for solar power by 2030. The alliance will hopefully see rapid progress in times to come. Read more…

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