International Solar Alliance Treaty

SARTHAK IAS
The International Solar Alliance is a common platform for cooperation among sun-rich countries lying fully or partially between the Tropics of Cancer and Capricorn who are seeking to massively ramp up solar energy, thereby helping to bend the global greenhouse emissions curve whilst providing clean and cheap energy.
Countries, bilateral and multilateral organisations, companies, industries, and stakeholders aim to reduce the cost of finance and cost of technology for the immediate deployment of competitive solar generation, storage and technologies adapted to countries' individual needs and to mobilize billions of dollars for solar.
The initiative was launched at the UN Climate Change Conference in Paris at the end of 2015 by the President of France and the Prime Minister of India.
French President Hollande acknowledged that developing countries need technology and capacity building to quickly take solar energy to scale, and that initial public financing and initiatives to unlock private finance is important for solar energy to take hold in developing countries.

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