5th Assembly of the International Solar Alliance

Context

  • The Fifth Assembly of the International Solar Alliance was inaugurated by the Minister of Power and New & Renewable Energy, India in his capacity as the President, International Solar Alliance.
  • The Republic of India holds the office of the President of the ISA Assembly, with the Government of France as Co-President.
  • Ministers from 20 countries and delegates from across 110 Member and Signatory countries and 18 prospective countries joined the inaugural ceremony of the 5th ISA Assembly.

About the 5th Assembly of ISA

  • The Assembly is the apex decision-making body of ISA, in which each Member Country is represented.
  • This body makes decisions concerning the implementation of the ISA’s Framework Agreement and coordinated actions to be taken to achieve its objective. 
  • The Assembly meets annually at the ministerial level at the ISA’s seat.
  • It assesses the aggregate effect of the programmes and other activities in terms of deployment of solar energy, performance, reliability, cost, and scale of finance. 5th Assembly of the International Solar Alliance
  • The Fifth Assembly of the ISA will deliberate on the key initiatives of ISA on three critical issues energy access, energy security, and energy transition.

Back to Basics

About International Solar Alliance

  • The International Solar Alliance is an international organisation with 110 Member and Signatory countries.
  • It works with governments to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.
  • ISA’s mission is to unlock US$ 1 trillion of investments in solar by 2030 while reducing the cost of the technology and its financing.
  • It promotes the use of solar energy in the Agriculture, Health, Transport and Power Generation sectors.
  • ISA member countries are driving change by enacting policies and regulations, sharing best practices, agreeing on common standards, and mobilising investments.
  • Through this work, ISA has identified and designed and tested new business models for solar projects;
    • supported governments to make their energy legislation and policies solar-friendly through Ease of Doing Solar analytics and advisory;
    • pooled demand for solar technology from different countries; and drove down costs;
    • improved access to finance by reducing the risks and making the sector more attractive to private investment; increased access to solar training, data and insights for solar engineers and energy policymakers.
  • With the signing and ratification of the ISA Framework Agreement by 15 countries on 6 December 2017, ISA became the first international intergovernmental organisation to be headquartered in India.
  • ISA is partnering with multilateral development banks (MDBs), development financial institutions (DFIs), private and public sector organisations, civil society, and other international institutions to deploy cost-effective and transformational solutions through solar energy, especially in the least Developed Countries (LDCs) and the Small Island Developing States (SIDS).

Source: PIB

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