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Third Assembly of International Solar Alliance (ISA)

Third Assembly of International Solar Alliance (ISA)

Context:

India and France re-elected as the President and Co-President of the International Solar Alliance (ISA) for a term of two years at the Third Assembly held on 14 October.

Vice-Presidents:

  • Four new Vice-Presidents also have chosen to represent the four regions of ISA.
    • The representatives of Fiji & Nauru for Asia Pacific Region; Mauritius & Niger for Africa Region; UK & Netherlands for Europe and others Region, and Cuba and Guyana for Latin America and Caribbean Region assumed the vice presidency.

Initiatives:

  • The Assembly also approved the initiatives of the ISA Secretariat in institutionalizing ISA’s engagement with the private and public corporate sector through the Coalition for Sustainable Climate Action (CSCA).
  • The Assembly has presented the report prepared by the World Resources Institute (WRI) which identifies the sources of funds, opportunities, and constraints, in scaling up solar investments and the contribution of ISA in assisting Member countries.
  • The ISA will work with WRI to develop a roadmap for mobilization of USD 1 trillion by 2030.
  • In the wake of the global pandemic, ISA responded by setting up ISA CARES (like PM-CARES in India), an initiative dedicated to the deployment of solar energy in the healthcare sector.
    • Objective: To solarize one primary health sector in each district of the target member countries.

International Solar Alliance (ISA):

  • It is an initiative launched by the Prime Minister of India and the President of France in 2015 at Paris on the side-lines of the COP-21.
    • Objective: To collectively address key common challenges to the scaling up of solar energy in ISA member countries.
    • It also aims to undertake joint efforts required to reduce the cost of finance and the cost of technology, mobilize investments needed for massive deployment of solar energy,
  • Members: Till now, 87 countries have signed the Framework Agreement of the ISA, and of these 67 have deposited their instruments of ratification.
    • Nicaragua, a Central American country is the 87th and the latest country to sign the agreement.
  • The Government of India has allotted land to the ISA in the National Institute of Solar Energy (NISE) campus, Gurugram.
  • The government has also released a sum of Rs. 160 crore for building infrastructure and meeting day to day recurring expenditure of the ISA up to the year 2021-22.

Source: PIB