Moreover, shifting rapidly towards low-carbon economy is a step towards the 2015 Paris Climate Agreement that aims to cut greenhouse gases from burning fossil fuels. "It's a source of new, diversified domestic electricity generation and so it improves energy security. "According to him, renewables in India are seeing a massive scaling up of in-bound investment. "Five years ago the US move could have destabilsed and undermined the global momentum. "India Solar Handbook 2017" by Bridge to India, a consultant in the clean technology market, in its report this week said India is set to become the third-biggest solar market globally and will overtake Japan this year.

Source: Economic Times May 12, 2017 06:00 UTC