France pledges 700 m Euros for solar projects |
French President Emmanuel Macron pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy. 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. He said he is committed and like Indian Prime Minister Narendra Modi has same obsession-creating momentum, inspiring people and gathering them to deliver results. Macron said at the launch of the International Solar Alliance in New Delhi .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. Modi -- who has committed to reducing India`s sizeable carbon footprint through a massive scale-up in renewable energy -- said it was vital that nations were not priced out. Modi said they have to make sure that a better and cost effective solar technology is available to all. Modi also suggested looking back to the Vedas in a bid to combat climate change. V edas consider the Sun as the soul of the world, it has been considered as a life nurturer.
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