HomeRenewable energy ›Power Minister Collaborates with French Delegation to Strengthen ISA and Ramp Up Global Energy Transition

Power Minister Collaborates with French Delegation to Strengthen ISA and Ramp Up Global Energy Transition

A key focus area of the discussion was collaboration for accelerating the global energy transition, powered by solar energy, especially under the institutional framework of the International Solar Alliance, of which India is the President and France is the Co-President.

June 14, 2023. By Anurima Mondal

Union Power Minister R.K. Singh held a meeting with Chrysoula Zacharopoulou, Minister of State for Development, Francophonie and International Partnerships, attached to the Minister for Europe and Foreign Affairs, at Shram Shakti Bhawan, New Delhi.

A key focus area of the discussion was collaboration for accelerating the global energy transition, powered by solar energy, especially under the institutional framework of the International Solar Alliance, of which India is the President and France is the Co-President.

The Minister of State had come to call on the Union Minister, along with Emmanuel Lenain, Ambassador of France to India; Guillaume Pottier, Political Advisor to the Minister of State; and Pablo Ahumada, Political Counsellor, Embassy of France in India.

The two sides observed that almost half of the African continent does not have access to electricity. Noting that alongside energy transition, the focus has to be also on ensuring energy access as well, R.K. Singh spoke of the need to help the International Solar Alliance forge ahead in this direction. The two sides also observed that Africa does not have a problem of decarbonisation as access to electricity is very limited at present; in this scenario, getting access through solar energy is the cheapest and the simplest option, said the Minister.

The Minster expressed the need for three funds: insurance for renewable energy projects, payment security mechanism and arrangements for debt financing. “Once established, these funds will grow, due to contributions and interest payments; in India too, our investment is coming because of a fund we set up as a payment security mechanism,” said R.K Singh.

Singh told the visiting delegation that even though India’s per capita emissions are one third of the global average, the country is the fastest in energy transition. He informed that while 43 percent of our capacity today is from non-fossil fuels, India has committed to reducing our emission intensity by 45 percent by the year 2030. He added that India is going to be a world leader in green hydrogen and that the country is adding renewable energy capacity at a fast pace, which will also help bring down the cost of energy in due time.
Please share! Email Buffer Digg Facebook Google LinkedIn Pinterest Reddit Twitter
If you want to cooperate with us and would like to reuse some of our content,
please contact: contact@energetica-india.net.
 
 
Next events
 
 
Last interviews
 
Follow us