World’s smallest nation Nauru ratifies International Solar Alliance Pact

The world’s smallest republic, the tiny island nation of Nauru — has become the sixth country to ratify the International Solar Alliance (ISA) Framework pact initiated by the Indian and French governments at the climate change summit held at Paris in 2015.Five more African nations — Comoros, Cote d’Ivoire, Somalia, Ghana and Djibouti have committed to sign the Solar Alliance pact during the ongoing meeting of the African Development bank in India.
On-24-May signing up by five African countries, we will reach around 31 countries, of which six have already ratified the pact. This is an important alliance for the future and what we are doing today is not just an agreement, but a new chapter in the future economic history of the worldsigning up by five African countries, we will reach around 31 countries, of which six have already ratified the pact. This is an important alliance for the future and what we are doing today is not just an agreement, but a new chapter in the future economic history of the world.Headquartered in India, the alliance conceived as a coalition of solar resource rich countries to collaborate on meeting their energy needs through a common, agreed approach, will become a legal entity once at least 15 countries ratify and deposit the framework agreement.India has earmarked about $2 billion to finance solar projects in Africa out of it commitment to provide $10 billion of concessional lines of credit for projects in the continent.Mauritius is expected to sign and ratify the ISA Framework pact together on May 27, during the upcoming visit of its Prime Minister to India. Fiji, which had signed up earlier, has also completed the ratification process and will deposit its instrument in the next few weeks.

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