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Macron lauds India's climate change efforts, takes a jibe at Trump

By Vikas

French President Emmanuel Macron lauded India's efforts for making International Solar Alliance (ISA) a reality. At the launch of the International Solar Alliance in New Delhi on Sunday, Macron pledged hundreds of millions of dollars for solar projects in developing countries.

International Solar Alliance summit in New Delhi

The International Solar Alliance (ISA) is an alliance of more than 121 countries. The primary objective of the alliance is to work for efficient exploitation of solar energy to reduce dependence on fossil fuels. This initiative was first proposed by Prime Minister Narendra Modi in a speech in November 2015 at Wembley Stadium.

Addressing the summit in the presence of Prime Minister Narendra Modi, Macron said, "Mr Prime Minister, You made a dream and we did it. It was about this International Solar Alliance. It was two years ago, it was just an idea at that time and we decided all together to act very quickly and today a big change".

Macron, who in December warned that the global shift to a green energy future was too slow, said France would extend an extra 700 million euros ($861.5 million) through loans and donations by 2022 for solar projects in emerging economies.

Without any names, he referred to countries quitting the historic Paris Climate agreement and said ISA nations came together to "deliver complete results".

The oblique reference was to US President Donald Trump's decision to pull out of the Paris climate agreement, which was signed by nearly 200 countries in December 2015 in an effort to curb global greenhouse gas emission and limit global warming to within 2 degrees Celsius.

France had already committed $300 million euros to the initiative when it co-founded with India a global alliance in 2015 to unlock new cash for solar projects in sunny yet poor nations.

[Macron emphasises on more pacts to fight climate change]

The ISA is the first treaty-based intergovernmental organisation to be based in India that aims to help sunshine-rich developing countries to tap solar energy at more affordable prices through aggregating both demand and risks in order to bring down costs and secure investments of solar developers.

PM Modi, in his ongoing address at the Solar Summit, outlined a 10-point action plan to bring about a "worldwide solar revolution". Modi said that India would produce 175 GW of electricity from renewable sources by 2022, and as much as 100 GW from solar energy. French President, Emmanuel Macron delivered the opening address at the event.

OneIndia News with PTI inputs

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