President Obama’s Meeting with Prime Minister Narendra Modi of India

French president and Indian prime minister Narendra Modi will launch the Solar Alliance. Closing his statement, he said, “We will succeed if we have the wisdom to craft a collective partnership that balances responsibilities and capabilities”.

“The idea is that larger markets and bigger volumes will lead to lower costs making it possible to spur demand”, said Ajay Mathur, India’s senior negotiator and spokesperson at the Paris summit.

On the occasion to build awareness a book of quotations on nature was released preface of which was jointly written by PM Modi and President Hollande.

“We have always believed that Nature does not exist for human race, but that we can’t exist without Nature”. I am honoured to co-author the preface with him. Dubai aims to generate 25% of its energy from clean sources by 2030, rising to 75% by 2050. As the Rig Veda says, the Sun God is the soul of all beings, moving and non-moving. China does not talk about its civilisation, Iran does not mention the Persian empire, and Egypt does not talk of Mesopotamia, but India begins its 2015 commitments by going back to its ancient texts.

Modi is the 6th most powerful person in the world. But the fact remains that the developed world has failed to meet their commitment of $100 billion a year that they have been talking about since 2009.

“Justice demands that, with what little carbon we can still safely burn, developing countries are allowed to grow”. It will also mean that the developing world will also try to have a lighter carbon footprint on their growth path. In the speech he made some pretty astounding claims and suggestions about India’s future in Energy and renewable energy along with outlining the greater responsibility that rests over developed nations.

The vast majority of humanity is blessed with generous sunlight round the year.

Many remarked upon the urgency of the task – but also upon a new optimism that a successful deal could be closer than ever before, despite significant obstacles in the negotiating days ahead.

This is why this alliance is so important.

“We will convert waste to energy”.

We will collaborate on research and innovation. We see it in the risks of our farmers, the changes in weather patterns, and the intensity of natural disasters. To a question, he said all issues could not be discussed in a brief interaction.

Although it talks about developing “innovative financial mechanisms”, it does not address how the capital would be provided. “And, we have introduced tax free bonds for renewable energy”, he said.

There is already a revolution in solar energy. Solar is also increasingly popular because it can bring electricity to remote towns and villages without having to pay for costly connections to the grid.

A separate ‘Breakthrough energy coalition’, which will act as an investment platform for clean energy projects is also being launched on Monday by Bill Gates and the Facebook founder, Mark Zuckerberg.

I am delighted with the industry response.

The Prime Minister has shown in the work even before he was Prime Minister, at the state level, his interest in new technologies and clean energy. The alliance will support India in building 100 gigawatts of solar energy by 2022. We will be investing almost 30 billion dollars for afforestation programme.