What is ISA?
The International Solar Alliance (ISA) is an alliance of more than 121 countries, most of them being sunshine countries.
It is the India’s first international and inter-governmental organization to have headquarters in India in Gurgaon, with United Nations as Strategic Partner.
The alliance is a treaty-based inter-governmental organization, 44 countries have already signed the treaty.
Countries that do not fall within the Tropics can join the ISA and enjoy all benefits as other members, with the exception of voting rights.
The initiative was launched by India at the 2015 India Africa Summit.
Multilateral development banks and other financial institutions are providing support for solar projects through low-cost finance mechanism.
Aims and Objectives of ISA
The alliance’s primary objective is work for efficient exploitation of solar energy to reduce dependence on fossil fuels.
It creates a collaborative platform for increased deployment of solar energy technologies to enhance energy security and sustainable development.
It improves access to energy and opportunities for better livelihoods in rural and remote areas and to increase the standard of living.
It will work with partner countries to formulate projects and programmes to accelerate development and deployment of existing clean solar energy technologies, the potential for which largely remaining untapped.
It develops innovative financial mechanisms to reduce cost of capital and builds a common knowledge e-Portal.
It also facilitates capacity building for promotion and absorption of solar technologies and Research and
Development among member countries. #Copied