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US joins India-led International Solar Alliance

US joins India-led International Solar Alliance- Relevance for UPSC Exam

  • GS Paper 2: International Relation- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.
  • GS Paper 3: Environment- Conservation, environmental pollution and degradation

US joins India-led International Solar Alliance_40.1

 

The US joins India-led International Solar Alliance- Context

  • Recently, the United States of America has become the 101st member country to join the India-led International Solar Alliance (ISA).
  • The USA’s inclusion in the International Solar Alliance will catalyse global energy transition through a solar-led approach.

US joins India-led International Solar Alliance_50.1

 

The US joins India-led International Solar Alliance- Key Significance

  • US participation will help in the more rapid deployment of solar globally and it will be particularly important for developing countries.
  • It will strengthen the ISA and propel future action on providing a clean source of energy to the world.
  • Promoting other Nations to join International Solar Alliance: As it demonstrates that nations across the world are recognizing the economic and climate mitigating value of solar.
    • Also, this recognizes the energy source’s potential as a catalyst for the global energy transition.

International Energy Agency

 

International Solar Alliance- Key Points

  • Background: The International Solar Alliance (ISA) was conceived as 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.
  • Foundation: The International Solar Alliance (ISA) was co-founded by India and France during the 2015 climate change conference in Paris.
    • Headquarter: Gurugram, India.
  • About: ISA is an intergovernmental treaty-based organization. It has been conceived as to be an action-oriented, member-driven, collaborative platform-
    • For increased deployment of solar energy technologies to enhance energy security and sustainable development, and
    • To improve access to energy in developing member countries.

Green Grids Initiative-One Sun One World One Grid Northwest Europe Cooperative Event

 

International Solar Alliance- Key Interest and Objectives

  • To collectively address key common challenges to scale up solar energy applications in line with their needs;
  • To mobilize investments of more than USD 1000 billion by 2030;
  • To take coordinated action through programs and activities launched on a voluntary basis, aimed at better harmonization, aggregation of demand, risk and resources, for promoting solar finance, solar technologies, innovation, R&D, capacity building, etc.;
  • 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, and
  • 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.

 

Green Grids Initiative-One Sun One World One Grid Northwest Europe Cooperative Event

Green Grids Initiative-One Sun One World One Grid Northwest Europe Cooperative Event

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