PM Modi right in focusing on smart cities; will lead to stronger growth: Michael Bloomberg

PM Modi right in focusing on smart cities; will lead to stronger growth: Michael Bloomberg

Giving thumbs up to Modi government's focus on developing smart cities, Michael Bloomberg, UN Secretary General's Special Envoy for Cities & Climate Change on Monday said, "From my experience, he (PM Modi) is absolutely correct to make cities a central focus of his work."

"The more India invests in sustainable cities, the stronger its economy will grow," Bloomberg said. Giving a special address at RE-INVEST 2015, Bloomberg said, "Prime Minister Modi is showing that confronting confronting climate change goes hand-in-hand with smart economic growth."

Bloomberg urged both India's private sector and foreign investors to continue developing and investing in the clean energy market which create "knowledge-intensive jobs and support the nation's goals".

Bloomberg went on to add, "All of these steps are helping to position India as a crucial global leader in addressing climate change, as nations work toward an international climate agreement in Paris this December." Bloomberg is of the view that no other country faces an energy challenge or has seized the energy opportunity on nearly the same scale and scope, as India.

"By 2020, coal power will cost more than solar power. There may be no other country better than India to position itself as a solar energy producer," Bloomberg said. "Clean energy creates knowledge based jobs. India gets 70 % more solar radiation than EU," Bloomberg added.

Source: Economic Times

SMART GRID Bulletin September 2017


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