France agreed to continue to work with each other and with the global community towards the realization of the goals of the Paris Agreement. 27. In the wake of the Paris Agreement adopted at the end of the COP-21, the bilateral cooperation between France and India is today, more than ever committed to meet the climate challenge. In line with the Paris Agreement, the two countries wish to carry out its implementation by promoting collaboration in sustainable development and energy, between governments, regions, cities and also companies. International Solar Alliance 28. Translating their shared commitment to clean energy and combating climate change into practical action, President Hollande and Prime Minister Modi jointly launched the new International Solar Alliance (ISA) initiative in Paris on 30 November 2015 on the sidelines of the COP 21. To advance this initiative, the two leaders jointly laid the foundation stone of the building for Headquarters of International Solar Alliance (ISA) and inaugurated the interim Secretariat of the ISA in Gurgaon, India, on 25 January 2016. Reaffirming their commitment to enhance the use of solar energy globally, the leaders underlined the importance of deepening cooperation both bilaterally and under the aegis of ISA in joint research, development, financing and technology innovation as well as diffusion of clean energy and efficiency solutions that will help in promoting energy access in a clean, affordable and sustainable manner. 29. The two leaders welcomed the French commitment to support the solar projects launched by the member countries of ISA. To that effect, the AFD Group will provide funding amounting to 300 million Euros. This pledge is in line with the financing of 2 billion Euros for the development of renewable energies, announced by France during COP21. Sustainable consumption and production patterns 30. The two Leaders recalled the Preamble of the Paris Agreement which recognizes that sustainable lifestyles and sustainable patterns of consumption and production play an important role in addressing climate change. They emphasized the importance of sustainable lifestyles for the implementation of the Paris Agreement. The two leaders’ common work could lead to joint initiatives mobilizing the UN and its member states as well as a sharing of good practices. The two leaders’ agreed to cooperate in initiatives mobilizing the UN and its member states as well as a sharing of good practices. Renewable Energies and energy efficiency 31. Noting the important role of energy storage to promote renewable energies, the two Leaders welcomed the signature of two MoUs between CEA (French Alternative Energies and Atomic Energy Commission), Crompton Greaves and Green Ventures. These MoUs will serve as templates for further practical collaboration in the field of renewable energy, including transfer of technology and know-how. 32. The two leaders stressed the importance of climate-oriented investments between the two countries. In this context, they welcomed the partnership of EDF EN and SITAC with a commitment to invest 155 million Euros in 2016. The new JV EDF EN/SITAC plans to invest 1 billion Euros by 2021. 33. The two leaders noted with satisfaction, the support provided by AFD (French Development Agency) to enhance energy efficiency in India, with the ongoing cooperation with the public ESCO EESL (Energy 5/10