he International Solar Alliance (ISA) is a treaty based inter-governmental organization working to create a global market system to tap the benefits of solar power and promote clean energy applications.
Features of ISA
- The initiative was launched by France and India during the Paris Climate Conference (COP21) in Paris in December 2015. Since 6 December 2017, the Alliance has acquired the status of international organization.
- It is the first international organization hosted in India, with its headquarters situated in Gurugram, in the outskirts of New Delhi.
- The ISA creates a multi-stakeholder ecosystem where sovereign nations, multilateral organizations, industry, policymakers and innovators work in together.
- The ISA aims to pave the way for future solar generation, storage and technologies for member countries’ needs by mobilising over USD 1000 billion by 2030.
- 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. Further, all members of the UN can join the ISA under the recently amended ISA Framework Agreement.
Objectives of ISA
- To collectively address key common challenges to scale up solar energy applications
- Reduce the cost of finance to increase investments in solar energy in member countries by promoting innovative financial mechanisms and mobilizing finance from institutions
- Facilitate collaborative research and development (R&D) activities in solar energy technologies among member countries