India and France pledge billions of dollars on solar-energy

Cash will help lower the cost of solar technology in developing countries.

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Mar 26, 2018
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India and France have committed more than US$2 billion to fund solar-energy projects in developing countries. Renewable-energy analysts say that the money has the potential to dramatically expand solar technology in these nations, but others argue that governments should instead focus on removing barriers that slow the growth of renewable energy. The announcement came on 11 March during the first summit of the International Solar Alliance in New Delhi, which drew heads of government from more than 20 countries. In his opening address, Indian Prime Minister Narendra Modi pledged $1.4 billion to support solar-energy projects in Bangladesh and in developing countries in Africa. French President Emmanuel Macron committed €700 million (US$865 million) to the scheme. 

By Sanjay Kumar, Nature News

Source: https://www.nature.com/articles/d41586-018-03126-3

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