The Government of Liberia through the Ministry of Finance and Development Planning has signed the International Solar Alliance Framework agreement. President Ellen Johnson Sirleaf made the disclosure recently while submitting a bill to the House of Representatives for the ratification of the International Solar Alliance Framework.
She says the International Solar Alliance Framework which objective is to create a collaborative platform for increased deployment of solar energy technologies to enhance security and sustainable development in the country, will also improve access to energy and opportunities for better living in rural and remote areas. When passed into law, the agreement will enable Liberia to benefit from the Government of India’s special fund of US$2billion for solar projects in Africa from a concession line of credit for Africa.
The President continues that consequently, the initiative will reduce the cost of energy and promote investments that depend heavily on the usage of electricity. President Sirleaf notes that with the bill, the Government of Liberia stands to benefit thru jobs creation, revenue generation, development will take place, security will be enhanced, the high cost of living will reduce and favorable living conditions will be availed.
The International Solar Alliance is a common platform for cooperation among sun-rich countries lying fully or partially between the Tropics of Cancer and Capricorn who are seeking to massively ramp up solar energy, thereby helping to bend the global greenhouse emissions curve whilst providing clean and cheap energy.
The initiative was launched at the UN Climate Change Conference in Paris at the end of 2015 by the President of France and the Prime Minister of India.