At COP22, Anil Madhav Dave, Indian Minister of State (Independent Charge) of Environment, Forest and Climate Change, announced the signing of Framework Agreement of the International Solar Alliance.
More than 10 signatories from different countries signed the agreement so far.
International Solar Alliance is an association of countries lying between the Tropics of Cancer and Capricorn endowed with substantial solar energy resource.
The Alliance is the brain child of Indian Prime Minister Narendra Modi. He introduced the concept just before the COP21 held at Paris.
The Alliance will look to international development banks and financial institutions as well as private sector companies. India has committed to provide $15 million to the Alliance.
Earlier this day, Dave met COP 22 president Salaheddine Mezouar, and conveyed the message that all future actions must be firmly rooted in Climate Justice.
The Minister reaffirmed that issues like adopting sustainable lifestyle and Common But Differentiated Responsibilities (CBDR) will remain central to India’s course of action.
He also proposed to the President COP, that in his capacity as the head of the current Climate Summit, a Call from Marrakesh will be a good sign for streamlining actions envisioned by the global community.
The key points of the discussion will be coming up for consideration over the next few days of the annual climate conference being held from 07th -18th November 2016.
Mezouar appreciated the initiative the country has taken in stitching together a formidable International Solar Alliance, which will be open to signing from 15th November 2016.
He also expressed his desire to further enhance the co-operation between India and Morocco, especially in the renewable energy sector, so that energy becomes affordable for the poor and vulnerable population of the two countries.
The two leaders also discussed enhancing South-South Co-operation among others issues during the meeting.