India pushes grand alliance of solar-rich nations

Modi pressed the proposal for a grand alliance of solar-rich nations to make this key source of green power a vital part of people’s lives.
We must also make sure finance and technology is available to meet the worldwide aspiration for clean energy,” Prime Minister Narendra Modi told the G20 Summit.

Modi said India itself has agreed to do its bit for a clean-green world by committing an additional capacity of 175 GW of renewable energy by 2022, cutting subsidies on fossil fuels, taxing the use of coal, and setting up a National Clean Energy Fund of $3 billion to promote clean technologies.

India through an International Agency for Solar Technologies and Applications (INSTA) proposes to bring together nearly 125 countries rich in solar resources to pursue clean source of energy.

Prime Minister pointed that growth was being promoted in India by investing in skills for new and better jobs and physical infrastructure.

He further added that a 7.5 percent growth was its achievement given the size and scale, India can become a leader of global growth and stability.

The Indian prime minister also appealed for easier and cheaper global norms for money transfers to emerging economies.
The G20 comprises Argentina, Australia, Britain, Brazil, Canada, China, France, Germany, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, the US and the European Union, India and Turkey,