PARIS (November 30, 2015)- Indian Prime Minister Narendra Modi and other leaders announced the International Solar Alliance today in Paris. The newly formed solar alliance of more than 120 countries will play an important role in advancing solar deployment around the world.
Following is a statement from Manish Bapna, Managing Director, World Resources Institute:
With international climate negotiations mere weeks away in Paris, there is keen interest in how countries' climate action plans, known as INDCs, will address climate change. A new assessment shows 80 percent of INDCs submitted so far -- including those from the world's eight biggest emitters -- call for an increase in the supply of clean energy.
The WRI analysis shows that if Virginia achieves its current goals to improve efficiency and increase use of renewable energy while also making more efficient use of existing natural gas plants, the state can decrease carbon emissions from Virginia’s power sector by 43 percent below 2012 levels by 2030 – well beyond the state’s mass-based target of 23 percent reductions required under the Clean Power Plan.
The momentum behind corporate demand for renewable energy is spreading rapidly, beyond the early-adopters to a wider range of companies.
India has set ambitious renewable energy targets for this year of 175 gigawatts by 2022, an increase of 400 percent over 2014. But even as India looks to add new wind and solar plants, it is working to absorb the renewable power it already generates.
While increased U.S. oil production has delivered short-term economic benefits, our ongoing dependence on oil is still creating serious risks to business investment, national security and the environment.
Until now, community solar has largely benefited residential and small non-residential customers in a specific community. Yet there are other stakeholders who also want to get into the shared renewable space—large corporate buyers.
Hawaii made waves with its recent announcement to use 100 percent renewable energy by 2045, but it’s hardly the only island making big commitments to clean power.