INDIA HOSTS ISA SECOND ASSEMBLY
01, Nov 2019
Prelims level : International Mains level : GS-II Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests
Why in News?
- India has hosted the second Assembly of ISA recently. Ministry of New and Renewable Energy has hosted the event.
About ISA Assembly:
- The ISA assembly is the highest decision-making body. It gives directions on financial and administrative issues. The first Assembly of the ISA was held in October 2018 at New Delhi.
- Each member-country is represented on the Assembly, which meets annually. It may also meet under special circumstances.
- The Assembly makes all necessary decisions regarding the functioning of the ISA, including the selection of the Director General and approval of the operating budget.
- Each Member has one vote in the Assembly.
- Partner Countries, Partner Organizations, Strategic Partners, and Observers may participate without having the right to vote.
What is International Solar Alliance?
- The International Solar Alliance (ISA) is an alliance of 121 countries initiated by India, most of them being sunshine countries, which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
- The membership has been extended to all members of UN later.
- The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its member countries.
- The primary objective of the alliance is to work for efficient exploitation of solar energy to reduce dependence on fossil fuels.
- 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.
- 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.
Functions of ISA:
- 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.