Paraguay Becomes 100th Member of International Solar Alliance (ISA) | Current Affairs | Vision IAS
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    Paraguay Becomes 100th Member of International Solar Alliance (ISA)

    Posted 28 Jun 2024

    2 min read

    ISA is a treaty-based intergovernmental organisation launched by India and France in 2015 on sidelines of COP-21 of United Nations Framework Convention on Climate Change (UNFCCC) in Paris.
     

    About ISA (HQ: Gurugram, India)

    • Objective: Provide a dedicated platform for cooperation among solar resource rich countries to support the increasing use of solar energy.
    • ISA Framework Agreement entered into force in 2017. With amendment of its Framework Agreement in 2020, all member states of UN are now eligible to join ISA.
    • ISA is guided by ‘Towards 1000’ strategy, aiming to:
      • Mobilise USD 1,000 billion of investments in solar energy by 2030.
      • Delivering Energy access to 1,000 million people.
      • 1,000 GW of solar energy installation.

    Importance of ISA

    • India: Leadership role in clean energy, achieving net neutrality by 2070, ensuring energy security etc.
    • Global: Mitigate global solar emissions (1,000 million tonnes of CO2 every year), market development for solar energy etc. 

    Associated Challenges 

    • Dominance of china in solar supply chain. 
    • Technical challenges in Grid integration. 
    • Low private Investment due to risks and uncertainties.

    Initiatives taken by ISA 

    • Solar Technology Application Resource Centre (STAR C) for capacity-building and institutional strengthening.
    • One Sun One World One Grid (OSOWOG) connects different regional grids through a common grid that will be used to transfer renewable energy power.
    • Global Solar Facility to catalyze solar investments in underserved segments and geographies across Africa.
    • ISA Solar Fellowship for Mid-Career Professionals to contribute long-term development needs of member countries through creation of qualified professional manpower for management of solar energy projects.
    • Tags :
    • International Solar Alliance
    • ISA Framework Agreement
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