United States of America (USA) has joined the International Solar Alliance (ISA) as a member country. U.S becomes the 101st country to sign the framework agreement of the ISA to catalyze global energy transition through a solar-led approach.
The launch of the International Solar Alliance (ISA) was announced by H.E. Mr. Narendra Modi, the Hon’ble Prime Minister of India and H.E. Mr. Francois Hollande, former Hon’ble President of France on 30th November 2015, at the 21st session of United Nations Climate Change Conference of the Parties (COP-21) in Paris, France. Former UN Secretary-General Ban Ki-moon attended the launch, alongside the Heads of about 120 nations who affirmed their participation in the Alliance to dedicate efforts for promotion of solar energy.
The framework was first circulated for countries’ support in 2016. The framework emphasizes delivering global relevance and local benefit to all countries through collaborations, with ISA’s key interventions focusing on readiness & enabling activities, risk mitigation & innovative financing instruments to facilitate the promotion and deployment of solar technologies in target markets.
The approach and methods detailed in the framework have already delivered results, with ISA building a solar project pipeline of nearly 5 GW installed capacity. The approach detailed in this framework will culminate in a vision for interconnected global grids, which was formalized and jointly launched as the ‘Green Grids Initiative – One Sun One World One Grid’ (GGI-OSOWOG), during the World Leaders Summit of the COP26 in Glasgow on 2nd November 2021 by the UK Presidency of COP26 and India Presidency of International Solar Alliance (ISA).
Earlier at COP26, the United States also joined the Steering Committee of the GGI-OSOWOG comprising of 5 members – USA, Australia, France, the United Kingdom, and India — and endorsed the One Sun Declaration along with 80 countries.
About The International Solar Alliance
The ISA is an inter-governmental treaty-based international organization with a global mandate to catalyze global solar growth by helping to reduce the cost of financing and technology for solar. In fulfilling this mandate, the ISA is committed to establishing solar as a shared solution that simultaneously addresses climate, energy, and economic priorities across geographies, facilitating Energy Transition at a global level, Energy Security at national levels, while also ensuring Energy Access at the local level. The ISA is helping large nations scale global commitments, thereby serving the planet’s needs for reduced carbon emissions, while also helping economically more vulnerable nations establish a self-sustaining energy alternative that reduces trade dependency and drives job creation. Universal, affordable, and reliable last- mile electricity connectivity across socio-economic strata is a crucial pillar and targeted, tangible outcome of these combined efforts towards facilitating economic development and environmental impact.
Categories: POINT IAS