Business honchos Bill Gates, Mukesh Ambani, Ratan Tata, and Jack Ma, will, on 30 November, announce a Breakthrough Energy Coalition, a group of 28 investors, to make firms deliver cheap, and carbon-free power.
The event will take place along with India’s move to launch an International Solar Alliance of more than 100 sunshine-rich nations.
After inaugurating the summit, US President Barack Obama will also launch the Mission Innovation. Prime Minister Narendra Modi will also attend the Mission Innovation. It is likely that industry leaders will strengthen R&D through the initiative for expediting energy transition, by giving pace to innovation.
Modi had conceived the idea to present sunshine countries as a block to get a good deal in the renewable energy market in January. The move will give these nations, a chance, as a group, to get funds as well as technological support, from investors, for solar energy market.
Besides this, the top industrialists will help the governments, from across the globe, to focus on clean energy growth through cutting-edge innovation.
Richard Branson of UK’s Virgin Group, Mark Zuckerberg of Facebook, and Meg Whitman of Hewlett Packard, will also be a part of the coalition. Launch of both International Solar Alliance, and the Breakthrough Energy Coalition, will be the two important events, once the climate summit is opened by UN secretary general Ban Ki-moon.
Both these efforts — one by the governments, and the other by big private players — are likely to go a long way in supplying non-fossil fuel energy to the world.
As far as the alliance of sunshine-rich countries is concerned, it will have 100 solar-rich countries, lying fully or partially between the Tropics of Cancer and Capricorn.
Solar energy is an efficient way to reduce greenhouse gas emissions. These countries have been invited to augment solar power generation in their respective countries to contribute to global development.