- 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: Argentina has signed the Framework Agreement of the International Solar Alliance.
Argentina is the 72nd country to sign the Framework Agreement of the International Solar Alliance.
The agreement of the International Solar Alliance was opened for signature during the COP22 at Marrakech on November 15, 2016. The signatories of the agreement include India, France, Australia, UAE, UK, Japan amongst others.
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.