International Solar Alliance as an example for Europe?

Opportunity for European countries for promotion of solar power

The International Solar Alliance (ISA) was jointly launched by the Honorable Prime Minister of India and former President of France on November 30, 2015, at Paris, in the presence of the then Secretary-General of the United Nations, on the first day of COP21 UN Climate Change Conference. The activities of ISA include undertaking joint efforts required to reduce the cost of finance and the cost of technology to the needs of 121 countries lying wholly or partially between the Tropics. It will also aim to mobilize more than $1000 billion of investments needed for massive deployment of 1,000 GW solar by 2030 and pave the way for future technologies adapted.

Although no European Country (except for France) ratified the new organization so far, it could be worth taking a closer look. For the first time in renewable energy history, a renewable energy source has gained so much importance that it was able to create an organization of international recognition. This levels the solar industry not only into new financial possibilities but also shows that solar sector is now no longer backed by sheer association but also from nations. Solar is on the rise and European Countries should not miss this opportunity.

Source: Times of India

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