Financing a Just Transition

assisted in developing nearly 10 giga- watts of electricity. The Alliance has also played a role in bringing down the global prices of solar pumps. Private sector investment is being enabled, especially in African member countries. A number of promising solar startups from Africa, Asia-Pacific, and India are being encouraged. This initiative will also be expanded to Latin America and the Caribbean soon. These are note- worthy steps in the right direction. To ensure an energy transition, the world must collectively discuss some important matters. The imbal- ance in concentration of green energy investments need to be addressed.

Manufacturing and technology need to be democratised to help develop- ing countries. Empowering Least Developed Countries and Small Island Developing States should be a top priority. Inclusion of marginalised communities, women and youth is cru- cial ... India is committed to work with the world for a green future. During the G20 last year, we led the creation of the Global Biofuels Alliance. We are also one of the founding members of the International Solar Alliance. Every effort to build an inclusive, clean and green planet will have India’s support. First International Solar Festival, 5 September 2024

Wind turbines in Nagercoil, South India

17

Made with FlippingBook - Online magazine maker