Macron says $1 trillion needed to achieve 1TW solar power capacity by 2030

Macron made the observation while addressing the founding conference of the International Solar Alliance (ISA), alongside Indian Prime Minister Narendra Modi here.

The French President also took a subtle jab at his American counterpart as he brought up the historic Paris Climate agreement and countries which left the pact. Furthermore, he added that the ISA nations will come together to deliver complete results.

"They [ISA member nations] started to act and to deliver complete results. They didn't wait, they didn't stop because few countries decided to just leave the floor and the Paris agreement," Macron said.

"Because they decided it was good for them, their children and grandchildren and they decided to act and keep acting," he said in a veiled reference to America.

Macron also acknowledged that in order to achieve the aim, the member countries will have to cross hurdles.

"We know the hurdles... (there) are financial hurdles, regulations, capacity hurdles as well. We shall therefore lift every single one of them," he said, adding, "To that effect, it is not enough to look at what governments are doing. We need a new international deal with the private sector, the international public sector and the civil society as well."

Prime Minister Narendra Modi dedicated the pact to his countrymen and said, "Happy to dedicate to our citizens a new treaty-based intergovernmental organization headquartered in India. The Founding Conference of the International Solar Alliance is also an example of concerted global action on climate change."

Modi said that the agreement signed in Paris in 2015, has finally become a reality in 2018 in the Indian capital.

He also thanked other nations for supporting the cause.

Image: twitter.com/narendramodi