India’s Modi says developing nations need space to grow

At another event on innovation also attended by President Hollande, US President Barack Obama and Bill Gates, among others, Modi said it was imperative to make renewable energy much cheaper and more reliable, and the conventional sources cleaner, while developing newer sources that are green. But it is not of our making, ” Modi said, as he inaugurated a unique India Pavilion at the summit venue, showcasing the countrys commitment to combat green-house gas emission.

We are delighted that Prime Minister Modi is helping to launch the global solar alliance today, which reflects a collective large-scale commitment to bolstering renewable energy.

The International Solar Alliance will hold its first steering group meeting on Tuesday and aims to deliver clean and affordable energy to all, including India’s 300 million people who have no access to energy.

“This is an alliance that brings together developed and developing countries, governments and industries, laboratories and institutions in a common enterprise”, he said at the launch of the International Solar Alliance.

He said investments would be attracted in the solar sector, joint ventures encouraged and innovative financing mechanisms developed.

The prime minister said the Indian side had also expressed desire to take the matters forward.

“We hope developed nations will assume ambitious targets and pursue them sincerely”.

Obama said that the U.S. and India agreed that climate change was an “urgent threat”.

“Accelerating the development of solar power will spur the creation of new jobs and significant economic development as well as helping those in areas that are still lacking access to electricity”, said Tata Group chairman Cyrus Mistry in a statement.

The Paris climate change conference also known as Conference of Parties (CoP-21) is set to kick off tomorrow in Paris and will go on till December 11.

By 2030, 40% of our installed capacity will be based on non-fossil fuel.

He stated that advanced countries need to leave enough carbon space for developing countries to grow. “The world has assembled in Paris to change the course of our planet to a sustainable path”, Mr. Modi said.

Modi issued the challenge to rich nations as 150 world leaders opened a 12-day United Nations conference in Paris, aiming to limit emissions of heat-trapping gases blamed for global warming.

The initiative is expected to encourage technology exchange and innovation and create new business opportunities in India and globally.