India and France had together announced the International Solar Alliance parallel to the Paris climate change summit in 2015.
Its goal is to make big investments in solar energy in developing countries so that they can both fight rapid climate change and meet a rising energy demand.
ISA plans to mobilize a trillion dollars to help create at least 1,000 GW of solar power capacity by 2030.
India’s target it to raise a solar power capacity of 100 GW by 2022, which requires quadrupling existing capacity in four years. But there are some very real policy challenges.
For example, import duties on solar cells, that are intended to encourage domestic manufacturing, come with the side effect of slower capacity addition.
source:Times of India
Its goal is to make big investments in solar energy in developing countries so that they can both fight rapid climate change and meet a rising energy demand.
ISA plans to mobilize a trillion dollars to help create at least 1,000 GW of solar power capacity by 2030.
India’s target it to raise a solar power capacity of 100 GW by 2022, which requires quadrupling existing capacity in four years. But there are some very real policy challenges.
For example, import duties on solar cells, that are intended to encourage domestic manufacturing, come with the side effect of slower capacity addition.
source:Times of India
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