Solar Energy News  
SOLAR DAILY
After Paris, India gets support for solar power
by Daniel J. Graeber
Washington DC (UPI) Oct 03, 2016


disclaimer: image is for illustration purposes only

After depositing its signature to the Paris climate deal, India's low-carbon objectives received financial support to advance solar energy, a lender said.

The Asian Development Bank said it would set aside $500 million in funding to help advance a rooftop solar energy system to help India acclimate to what, for the country's energy sector, is emerging technology.

"There is huge potential for India to expand its use of solar rooftop technologies because of the sharp drop in the price of solar panels, meaning the cost of producing solar energy is at or close to that from fossil fuels," Anqian Huang, a regional specialist at the ADB', said in a statement. "Sourcing more solar energy will also help India meet the carbon emissions reduction target that it has committed to as part of the recent global climate change agreement."

Indian chose Oct. 2 as the day to ratify the Paris climate agreement reached last year to commemorate the birthday of Mahatma Gandhi. India's decision to ratify means it will treat its recommendations as national law.

Under the terms of the agreement, wealthier nations like China and the United States are expected to help finance the shift to a low-carbon economy in poor, developing nations. The ADB said the funding should mean a reduction of 11 million tons of greenhouse gas emissions from the Indian economy over a 25-year period.

The government aims to increase the amount of emissions by 33 percent of the 2005 levels and increase the share of renewable power in its energy sector by 40 percent by 2030. For rooftop solar, the government set a goal of increasing its power potential to 40 gigawatts from 2022.

The support for low-carbon initiatives came less than a week after India's energy company said it would invest just over $5 billion to develop reserves locked in deep national waters. According to industry estimates, India's demand for oil grew by almost 7 percent over last year.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Solar Energy at SolarDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
SOLAR DAILY
A cost-efficient compact hybrid system for solar-diesel microgrids
Hellerup, Denmark (SPX) Sep 30, 2016
Danvest and Pon Power are launching a second-to-none, low-load Compact series for solar-diesel hybrid power plants. This Compact series offers power producers a complete, cost-effective solution that automatically integrates photovoltaic systems with diesel power. The Compact series includes Danvest's unique, low-load and reverse-power operation and fast-response capabilities. Direct annua ... read more


SOLAR DAILY
New findings by Stanford chemists could lead to greener methanol production

Liquid Manure Volume Reduced by Half

Can jet fuel be grown on trees?

Boskalis tests sustainable wood-based biofuel for marine fleet

SOLAR DAILY
Tech titans join to study artificial intelligence

One-eyed robot learns to see in weightlessness

Servosila Robotic Arms product line is launched by Servosila

Team of robots learns to work together, without colliding

SOLAR DAILY
SeaRoc launches SeaHub for communication and logistic data

U.S. governors want more offshore wind support

GM commits to 100 percent renewables

Experts anticipate significant continued reductions in wind energy costs

SOLAR DAILY
VW says to pay US suppliers $1.2 bln over Dieselgate

Renault promises total cooperation in emissions probe

Volvo partnership pays off in SuperTruck collaborative effort

Tesla 'on autopilot' crashes on German Autobahn: police

SOLAR DAILY
Scientists aim to make superconductors that work at room temperature

Closing in on high-temperature superconductivity

Corvus Energy selected to power new environmentally friendly UK hybrid ferry

Carbon-coated iron catalyst structure could lead to more-active fuel cells

SOLAR DAILY
Deal signed for giant UK nuclear project

South Africa's nuclear programme kicked into touch, again

UN trims nuclear power growth forecasts

AREVA and Synatom sign a contract for the manufacture of transport and storage casks

SOLAR DAILY
Europe ups energy security ante

NREL releases updated baseline of cost and performance data for electricity generation technologies

Chinese giant to buy Pakistani power company for $1.6 bn

Economy of energy-hungry India may face headwinds

SOLAR DAILY
Gambia announces ban on imported timber, but expert sceptic

Amazon forest fire threatens natives, wildlife in Peru

Borneo loggers swap chainsaws for cheap healthcare

Indonesia, EU, announce historic deal on timber trade









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.