Framework Agreement On The Establishment Of The International Solar Alliance

Riccardo Puliti, Senior Director and Director of energy & Extractives Global Practice at the World Bank, said: “The World Bank is seeing an increase in our customers` interest in solar energy due to the dramatic cost reductions experienced in recent years. We hope that the Global Solar Atlas will help make the crucial planning and investment decisions that will need to be made over the next ten years to become more sustainable forms of energy. Piyush Goyal, India`s Minister of Energy, said: “This new tool will help governments and investors get a first indication of the potential of solar resources before making their own more detailed analysis. The ISA aims to mobilise Member States, solicit commitments from international organisations and mobilise the private sector to support rural and decentralised applications, access to affordable finance, mini solar grids in islands and villages, rooftops and solar e-mobility technologies. The alliance is a treaty-based intergovernmental organization. [7] The Framework Agreement of the International Solar Alliance was launched for signature in November 2016 in Marrakech (Morocco) on the sidelines of the Marrakesh Conference on Climate Change (twenty-second session of the Conference of the Parties or COP 22). On the first day (15 November), sixteen countries signed the agreement: India, Brazil, the Democratic Republic of the Congo, the Dominican Republic, the Republic of Guinea, Mali; Nauru; Niger; Tanzania; Tuvalu; Cambodia; Ethiopia; Burkina Faso; Bangladesh and Madagascar. [7] On 17 November, Guinea-Bissau, Fiji and France also signed the agreement. [16] On November 6, 2017, Indian Foreign Minister Sushma Swaraj met with Guinean Foreign Minister Mamady Toure. During this meeting, Mamady Toure handed over Guinea`s act of accession to the International Solar Alliance (ISA) initiated by India. Vanuatu and Liberia have also signed the agreement.

[2] Apart from these, there are 56 other members, making a total of 122 members of the Alliance. Recently, Eritrea, Luxembourg and St. Kitts joined the International Solar Alliance and the number of members increases to 84 At the World Future Energy Summit (WFES), held in Abu Dhabi in January 2018, the Indian government announced the creation of a $350 million solar fund to enable the financing of solar projects. ? The ISA aims to bring countries together to provide a collective response to the main common barriers to the massive use of solar energy in terms of technology, finance and capacity. A change to the framework agreement establishing the International Solar Alliance came into force earlier this month, which will allow UN member states to join the grouping even outside the tropics, the Foreign Ministry said Friday. . . .