International Solar Alliance | UPSC CURRENT AFFAIRS |

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International Solar Alliance


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International Solar Alliance

Topic covered: GS 2, GS 3, technology, energy security, environment

Context: The Prime Minister, Shri Narendra Modi welcomed United States of America to International Solar Alliance.

About ISA

  • It is an initiative proposed by our Prime Minister Narendra Modi and was launched by him at the UN Climate Change Conference in Paris along with the President of France. It was launched on 30th November 2015.
  • It is a coalition of solar-resource-rich countries (which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn) to address their special energy needs.
  • The ISA will provide a dedicated platform for cooperation among solar-resource-rich countries, through which the global community can contribute to help achieve the common goal.
  • The ISA has 122 sun-belt countries that lie between the two tropics as its prospective member countries and currently boasts a membership of 86 countries globally.
  • It has headquartered in Gurugram, Haryana

The interests and objectives of the ISA are:

  • To mobilize investments of more than USD 1000 billion by 2030
  • Reduce the cost of finance to increase investments in solar energy in member countries by promoting innovative financial mechanisms and mobilizing finance from Institutions
  • Scale up applications of solar technologies in member countries
  • Facilitate collaborative research and development (R&D) activities in solar energy technologies among member countries.
  • Promote a common cyber platform for networking, cooperation and exchange of ideas among member countries

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