Paris. Indian Prime Minister pic.twitter.com/MTUrPcR1VY
— ANI (@ANI) August 22, 2021
Meanwhile, Prime Minister Narendra Modi had congratulated Emmanuel Macron on his re-election as the President of France. With this, cooperation between France and India is expected to reach new heights on a range of issues, including promotion of green energy. India and France have seen growing economic ties and geo-strategic cooperation. France has emerged as a major source of foreign direct investment, with over 1,000 French establishments investing in India with a turnover of $20 billion and employing around 3,00,000 people.
During calendar year 2021, Indo-French bilateral trade, excluding military deals, grew 13.7 percent to $13.13 billion, of which Indian exports accounted for $7.1 billion.
India had led the international initiative on the issue of clean energy by forming the International Solar Alliance (ISA) with France.
The ISA represents the kind of partnership that will transform the way energy is produced and used without harming the environment.
The ISA was conceived to mobilize efforts against climate change through the deployment of solar energy solutions at the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change held in Paris in 2015.
The ISA provides a dedicated platform for collaboration between governments, multilateral organizations, industry and other stakeholders to help achieve a common goal.
In a short span of six years, the ISA has become an example of how partnerships can advance positive global climate action.
The move has already yielded results, with ISA building up a solar project pipeline of about 5 GW of installed capacity. This approach will culminate in a vision for an interconnected global grid, which was formally launched jointly as the Green Grid Initiative – ‘One Sun One World One Grid’.
The ongoing Russia-Ukraine conflict exposed the risks of Russia’s over-reliance on fossil resources for energy purposes. Alternative sources of energy are the need of the hour and ISA can contribute immensely in achieving zero carbon neutrality apart from meeting the growing demand for electricity.
ISA is incorporating more commitments from countries related to the environment. During a recent visit to India, Norwegian Foreign Minister Aniken Huitfeld announced Norway’s membership to the ISA. The European Commission also signed a Joint Declaration for Cooperation in December 2018 by becoming a partner of the ISA.
European Commission President Ursula von der Leyen said during a recent visit to ISA Headquarters in India that “our transition to domestic renewable energy is not only good for the environment, but it also becomes a strategic investment in security. Energy policy is also security policy.”
He revealed that the European Commission will present a new EU solar strategy as part of the Repower EU package.
He also appreciated the commitment of Indian Prime Minister Narendra Modi that India should be energy free before celebrating 100 years (2047) of its independence. Both India and the European Union share the common interest of freedom from fossil fuels.
This was a landmark decision by the United Nations General Assembly to grant ‘observer status’ to the ISA in December 2021, which would help provide a well-defined cooperation between the Coalition and the United Nations, thereby benefiting global energy growth and development. Will happen.
The US (November 2021) joins the Alliance ISA, providing a major boost to the global adoption of solar energy. The US was the 101st country to sign the Framework Agreement.
The Saudi Gazette recently said, “Today, within 6 years, India’s renewable energy capacity has increased by more than 250 percent – which is a growth in itself for any country, especially a developing country with 140 million people.” As a result, India is now one of the top five countries in the world in terms of installed renewable energy capacity. All this is set to ensure sustained efforts towards achieving sustainable growth in the long run.”
Earlier (December 2021), India and France had vowed to enhance defense cooperation in a wider field during bilateral talks between India’s Defense Minister Rajnath Singh and his French counterpart Florence Parly in New Delhi.
The two countries aim to cooperate in emerging technology, including in the aerospace and maritime sectors. With the re-election of President Macron, India is likely to cooperate in manufacturing high-tech state-of-the-art products.
—AnyTV News
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