- Important International institutions, agencies and fora, their structure, mandate.
International Solar Alliance
What to study?
For Prelims and Mains: ISA- key facts, significance and India’s solar power potential.
Context: India is hosting the second Assembly of ISA. Ministry of New and Renewable Energy is hosting the event.
The ISA assembly is the highest decision making body. It gives directions on financial and administrative issues.
The International Solar Alliance (ISA) is an alliance of more than 120 countries initiated by India, most of them being sunshine countries, which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn, now extended to all members of UN.
The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its member countries.
Objectives: The ISA’s major objectives include global deployment of over 1,000GW of solar generation capacity and mobilisation of investment of over US$ 1000 billion into solar energy by 2030.
What it does? As an action-oriented organisation, the ISA brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating the deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity building.
When it entered into force? When the ISA Framework Agreement entered into force on December 6th, 2017, ISA formally became a de-jure treaty based International Intergovernmental Organization, headquartered at Gurugram, India.
Sources: the Hindu.