World leaders launch Clean energy initiatives 5/5 (1)

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Energy-Coalition

Three major clean energy initiatives will be launched during the 21st United Nations Conference on Climate Change being held in Paris this week.

One of them is the International Solar Alliance, an alliance between 100 sunshine rich countries of the world, lying wholly or partially between the Tropics of Cancer and Capricorn. The alliance is an attempt to make a united body of countries with common standards and a shared purpose of promoting indigenous solutions to cleaner solar energy by reducing costs, increasing cooperation in training and development of technology adapted to the needs of individual countries.

The Solar Alliance is launched in precedence of the Mission Innovation and Energy Coalition, to be launched by American President Barack Obama. A conglomerate of 28 leading international investors including Ratan Tata, Mark Zuckerberg, Bill Gates and Richard Branson; the Energy Coalition will be dedicated towards commercializing solar energy research and development for covering up the gap in government funds for the field.

The Energy Coalition will be further boosted by funds from Mission Innovation, an agreement among more than 19 nations of the world to double their annual Energy Research and Development spendings over the next five years. These initiative are expected to considerably reduce costs and speed up innovation in the field of green energy, making it more mainstream and affordable for common public use.

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