The Modi-Trump summit offers an opportunity to place in context President Donald Trump’s outburst against India earlier this month, as he announced the decision of the US to step away from the Paris climate agreement. And, finally, despite its self-financed attempt at balancing poverty eradication and climate responsibility, India would be judged and monitored, every inch of the way. Eight months before the Paris Agreement, India had already installed 77 GW of renewable energy capacity. The risk assessment through black box techniques has meant that the capital that reaches the developing world is priced significantly higher. If ever there was a window of opportunity to dismantle Western shackles on growth and development avenues for the developing world, Trump’s statement personifies it.

Source: Hindustan Times June 30, 2017 07:30 UTC