For subscribers
International Solar Alliance chief hopes financing scheme will shine light on poorer nations
Sign up now: Get insights on Asia's fast-moving developments
With four months to go before COP29, countries are racing against time to agree on the size of contributions from developed nations and other sources for the goal.
PHOTO: AFP
DeeperDive is a beta AI feature. Refer to full articles for the facts.
NEW DELHI – Poorer nations often miss out on vital climate cash, but a financing initiative by the International Solar Alliance (ISA), a grouping of 120 countries including Singapore, aims to kick-start solar energy projects in developing nations, its chief said.
Due for launch in October, the Global Solar Facility is a payment-guarantee mechanism to help incentivise investments in poorer countries, said ISA director-general Ajay Mathur, starting with Africa.
