International Solar Alliance Summit
- Oct 25, 2018
More than 50 country leaders, led by India and France, gathered at the first Summit of the International Solar Alliance.
Launched at COP21 in Paris in 2015, the so-called “sunshine coalition” aims to mobilise more than USD 1 billion of investments by 2030 to massively deploy solar energy, in particular in solar-rich countries. This is an unprecedented opportunity to fight climate change and bring affordable energy to people in the 121 countries of the Solar Alliance.
European Investment Bank President Werner Hoyer was in Delhi to pledge his commitment to the initiative. The EIB, as the largest climate financier in the world, is partnering with the Solar Alliance to bring its expertise and financing to support the expansion of solar energy in India and beyond.
*This is equivalent to 9.2 million barrels of oil consumed (source: GHG equivalencies calculator, EPA)
In the spotlight
EIB President speech at the Summit
At the founding conference of the International Solar Alliance, EIB President Werner Hoyer said that the EU bank is committed and ready to play its part in supporting the mass rollout of solar energy around the world. Check the full speech.
Round table/Facebook live
Making climate action count
Watch the round table on Facebook!
Can tackling climate change improve people’s daily lives and promote gender equality in India and beyond? Participants to the round table, organised by the EIB, discussed this question ahead of the Summit.
The panel was composed of:
- Suchismita Mukhopadhyay, Associate Director - Climate Change and Energy, WWF India
- Aarti Aggarwal, Senior Consultant, Election Commission of India
- Mohua Mukherjee, Program Ambassador, International Solar Alliance
- Aparna Roy, Associate Fellow, Observer Research Foundation
- Maria Shaw-Barragan, Director, Global Partners Department, European Investment Bank
The Noor Ouarzazate solar power complex, in Morocco, harnesses the potential of the most abundant source of energy in North Africa – the sun. Financed by the EIB, Ouarzazate saves an equivalent of 735 000 tonnes of CO2 every year.