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India, France sign pact to deepen cooperation in environment field

Press Trust of India  |  New Delhi 

and today signed a pact to deepen their cooperation in the field of while affirming their commitment to lead the fight against climate change. A day ahead of the (ISA) summit here, and French also welcomed the coming into force of the Framework Agreement of the ISA. and also committed to fully implement the historic climate change Agreement at the forthcoming Conference of Parties (COP24). The pact on cooperation in the field of was signed by Indian of State for and French of State, attached to the for the Ecological and Inclusive Transition, Brune Poirson. The pact aims to establish a basis for exchange of information between both the governments and their technical experts in the field of and climate change. and also signed a Memorandum of Understanding between the National Institute of (NISE), under the Ministry of New and Renewable Energy, and the Institute (INES) in Under the agreement, both countries will work on projects in (ISA) member countries in the areas of (solar photovoltaic, storage technologies, etc.) through transfer of technology and collaborative activities. The India-Joint statement today said both Modi and Macron welcomed the entry into force of the Framework Agreement of the (ISA) and looked forward to co-hosting the ISA Founding Conference tomorrow. The ISA Summit, being co-hosted by and tomorrow here, will have heads of the states from 23 nations including France, and The summit will focus on various aspects of promoting in 121 countries associated with the IISA like credit mechanism, crowd funding and sharing of The ISA, the brainchild of Narendra Modi, is a treaty-based international body for promotion of in alliance with 121 countries, which are fully or partially between the Tropics of Cancer and Capricorn. has set an ambitious target of having 100 GW of capacities by 2022.

It is close to achieving 20 GW in the current fiscal itself and plans to auction 30 GW solar projects each in 2018-19 and 2019-20. The leaders underlined their commitment to furthering and deepening concrete projects and programmes under the aegis of the ISA to mobilise affordable financing for massive deployment, the joint statement said. Meanwhile, the two sides also reaffirmed their commitment to lead the fight against climate change, based on the principles of climate justice, fostering climate resilience and They committed to fully implement the Agreement at the COP24 and further on, under the Framework Convention on Climate Change (UNFCCC) as a part of an irreversible global process at combating climate change for the benefit of all humanity, the joint statement said. Both and stressed the positive contribution of the One Plant Summit' in on December 12 last year to this objective. The French thanked the Indian for India's support to the initiative to work on a global pact for the environment, the statement said. The two leaders also reaffirmed that the strengthening of the India-French technological cooperation on was a common priority for encouraging the emergence and dissemination of innovation in all the sectors. They stressed the importance of mobilising public and private funds to support the development of In this regard, they welcomed the establishment, within the International Solar Alliance, of an international committee of chambers of industry, and the willingness of the MEDEF, SER, FICCI and CII among others to join it, the statement said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, March 10 2018. 22:55 IST