[pib] ISA to become a Treaty-based International Intergovernmental organization

Note4students

Mains Paper 2: IR | Important International institutions, agencies & fora, their structure, mandate

From UPSC perspective, the following things are important:

Prelims level: International Solar Alliance

Mains level: Various initiatives taken to increase usage of renewable energy


News:

  • In terms of its Framework Agreement, with ratification by Guinea as the 15th country on 6th November 2017, the International Solar Alliance (ISA) will become a treaty-based international intergovernmental organization
  • The ISA, headquartered in India, has its Secretariat located in the campus of National Institute of Solar Energy, Gwalpahari, Gurgaon, Haryana
  • The ISA is an Indian initiative, jointly launched by the Prime Minister of India, Shri Narendra Modi and the President of France on 30th November 2015 in Paris, on the sidelines of COP-21, the UN Climate Conference
  • Initially, 46 countries have signed and 19 countries have ratified the Framework Agreement of ISA.

Aim:

  • Addressing obstacles to deployment at scale of solar energy through better harmonization and aggregation of demand from solar rich countries lying fully or partially between the Tropic of Cancer and Tropic of Capricorn

At the Beginning:

  • Three programmes – Scaling Solar Applications for Agriculture Use, Affordable Finance at Scale, and Scaling Solar Mini-grids – have been launched
  • These programmes will help in achieving the overall goal of increasing solar energy deployment in the ISA member countries for achieving universal energy access and speeding up economic development
  • In addition to the existing 3 programmes, ISA has initiated plans to launch two more programmes: Scaling Solar Rooftops and Scaling Solar E-mobility and Storage

Also,

  • ISA has also been developing a Common Risk Mitigating Mechanism (CRMM) for de-risking and reducing the financial cost of solar projects in the ISA member countries
  • The instrument will help diversify and pool risks on mutual public resources and unlock significant investments.

Another major initiative:

  • Establishment of Digital Infopedia which will serve as a platform to enable policy makers, Ministers and corporate leaders from ISA countries to interact, connect, communicate and collaborate with one another
Solar Energy – JNNSM, Solar Cities, Solar Pumps, etc.
  • Subscribe

    Do not miss important study material

Leave a Reply

Please Login to comment
  Subscribe  
Notify of