Tuesday October 23, 2018
Home Opinion International...

International Solar Alliance: Crucial step in India’s ladder to become a solar energy powerhouse

0
//
184
Image source: chennaionline.in
Republish
Reprint

By Aniket Bhavthankar

Indian Prime Minister Narendra Modi and French President Francois Hollande laid the foundation stone of the International Solar Alliance (ISA) headquartered in Gurgaon during the latter’s visit to India as a chief guest for 67th Republic Day. Modi and Hollande jointly announced the formation of the ISA during Conference of Parties-21 in Paris last year. The ISA visualizes building a partnership between more than 120 countries situated between Tropic of Cancer and Tropic of Capricorn as they receive the sunshine in abundance for around 300 days in a year. Currently, 121 countries across the world are part of the ISA. Renewable and non-traditional energy sources are one of the ways to confront the challenges of the climate change.

India’s ‘Intended Nationally Determined Contribution’ has set an ambitious target to scale up the capacity of renewable energy from 30 GW in 2015-16 to 175 GW by 2021-22. In this, the share of solar energy is expected to be about 100 GW. Indian government’s goal of ‘electricity to all’ can be achieved chiefly through solar energy and, hence, the government has launched a scheme for development of 25 solar parks, Ultra Mega Solar Power Projects and solar pumps for farmers.

Private players are also coming to the forefront to assist in the generation of solar energy. Hero group has asked many commercial groups and individuals to rent their rooftops for solar installations and in return gain power at cheaper rates. In India, investment in the solar energy is increasing and this is indicative that the country is emerging as a lucrative market for the solar energy. The price of solar energy has fallen sharply from 17 in 2010 to 4 in 2016.  However, achieving the target of 100 GW of solar energy is a daunting task. There is a need to increase efficiency of solar photo-voltaic (PV) cells to 30-40 percent and this requires research and development in the field of solar PV cells. The ISA can anchor and take the lead on this front. India has provided 5-acre land for the campus of the ISA and promised USD 27 million for constructing a building, other infrastructure and meeting recurring expenditure for the next five years.

President Hollande suggested that the ISA is a gift of India to the world in its struggle to fight climate change. France will allocate USD 336 million over the next five years. France will also mobilize its companies, research organizations and diplomatic network to achieve goals set by the ISA. France is already involved in solar energy projects in India. Hollande also expected that the ISA should work at pooling demand of solar energy to bring down financing costs and open their markets to reduce the cost of investment and obtaining new technologies. Participation of developing countries from Asia, Africa, and South America is the important feature of this alliance but developed economies are also enthusiastic about the ISA. This may help in facilitating technology transfer, an important hurdle between developing and developed group of countries.

Importantly, Morocco, poised to become a solar superpower with the launch of world’s largest concentrated solar power plant is not part of this initiative. Same is true for Germany, which produces 80 percent of its energy from renewable resources and almost 7 percent from solar energy, is not part of this alliance. Though Morocco is not situated between two tropics it receives ample amount of sunshine. It will be great to tap in the expertise of both Germany and Morocco in the area of solar energy.

There are several challenges ahead of this courageous initiative. First and foremost challenge is to decide about tangible targets for the working of this alliance. A country’s specific legal commitment about export of solar panels and cheap solar technology needs to be discussed while signing formal agreement by June 2016.

Next, it is necessary to build a robust governance structure to realize the objectives of the ISA. The ISA needs to work on several innovative financial mechanisms to reduce the cost of capital and make the investment in solar energy more attractive. It is pertinent to note that investment worth USD 1 Trillion is required to realize the goal of installing 1000 GW solar energy by 2030. Private sector is envisaged to play an important role in this initiative as they are expected to contribute USD 500 billion.  The ISA needs to establish formal links with the corporate sector. At present few corporate like Areva, Engie, Enel, HSBC France and Tata Steel are part of the ISA.

In September 2015, the United Nations (UN) adopted the 2030 Agenda for Sustainable Development.  This agenda states that renewable energy must be given priority. However, the UN has not created any specialised agency to focus on solar energy. The ISA may fill this vacuum and also satisfy the Indian ambition to spearhead as the global powerhouse in the domain of solar energy. Through the ISA, India also wants to send a signal to the larger world community that it can think and act beyond ‘coal’ in a proactive manner. The ISA is a bold initiative and we need to wait and watch to assess its success.

Aniket Bhavthankar is a Senior Research Associate at the Society for Policy Studies. The article was first published in southasiamonitor.org

 

 

Click here for reuse options!
Copyright 2016 NewsGram

Next Story

Australia Rejects U.N. Climate Report, Continues Using Coal

Australia is the world's driest inhabited continent.

0
Australia, Coal
The Liddell coal-fired power station is seen in the Hunter Valley, north of Sydney, Australia. VOA

Australia is rejecting the latest U.N. report on climate change, insisting coal remains critical to energy security and lowering household power bills.

The United Nations’ Intergovernmental Panel on Climate Change (IPCC) said in its report released Monday that global greenhouse gas emissions must reach zero by the middle of the century to stop global warming exceeding 1.5 degrees Celsius.

The authors warned that if warming was allowed to reach two degrees, the world would be on course toward uncontrollable temperatures.

Climate change, Australia
The coal-fired Plant Scherer, one of the nation’s top carbon dioxide emitters, stands in the distance in Juliette, Georgia. VOA

They made special mention of coal, insisting that its use for power generation would have to fall to between zero and two percent of current usage.

The report has received a lukewarm response by Australia’s center-right government. It has said it has no intention of scaling back fossil fuel production because without coal, household power bills would soar.

Canberra also insists it is on target to meet its commitments under the Paris agreement, which attempts to unite every nation under a single accord to tackle climate change for the first time ever.

Australia earns billions of dollars exporting coal to China and other parts of Asia, while it generates more than 60 percent of domestic electricity.

Queensland, Australia
FILE – A dead tree stands near a water tank in a drought-stricken paddock located on the outskirts of the southwestern Queensland town of Cunnamulla in outback Australia, Aug. 10, 2017. (VOA)

Australia’s Environment Minister Melissa Price believes the IPCC report exaggerates the threat posed by fossil fuel.

“Coal does form a very important part of the Australian energy mixer and we make no apology for the fact that our focus at the moment is on getting electricity prices down,” Price said. “Every year, there is new technology with respect to coal and what its contribution is to emissions. So, you know, to say that it has got to be phased out by 2050 is drawing a very long bow.”

Australia has some of the world’s highest per capita rates of greenhouse gas pollution. A recent government report showed a failure to reduce levels of greenhouse gas pollution. The survey said that between January and March this year, Australia had its most elevated levels of carbon pollution since 2011.

Coal, Australia
Workers operate machines at a coal mine at Palaran district in Samarinda, Indonesia (VOA)

Conservationists argue Australia is doing too little to protect itself from the predicted ravages of a shifting climate.

Also Read: Use Every Resources To Help in Climate Change: Scientists

Australia is the world’s driest inhabited continent. Scientists warn that droughts, floods, heat waves, brush fires and storms will become more intense as temperatures rise, with potentially disastrous consequences for human health and the environment, including the Great Barrier Reef. (VOA)