International Solar Alliance becomes Treaty-based International Intergovernmental organization
Significance of this event:
This marks the culmination of India’s efforts, which had taken a lead role in setting up the ISA—an alliance of 121 sunshine countries situated between the Tropics of Cancer and Capricorn. ISA also signals that New Delhi would employ it as a foreign policy tool to cement its leadership among developing countries.
Facts for Prelims:
- The ISA now has become a treaty based inter-governmental international organisation and it will be recognized by UN legally to become fully functionable.
- Guinea became the 15th country to ratify this agreement.
- Other prominent intergovernmental organisations in the energy sector include the Vienna-based Organisation of the Petroleum Exporting Countries (Opec) and Paris-based International Energy Agency (IEA).
The ISA is an Indian initiative, jointly launched by the Prime Minister Narendra Modi and the president of France on 30 November 2015 in Paris, on the sidelines of COP-21, the UN climate conference. It aims at addressing obstacles to deployment at scale of solar energy through better harmonization and aggregation of demand from solar rich countries lying fully or partially between the tropics of Cancer and Capricorn.
- The ISA, headquartered in India, has its secretariat located in the campus of the National Institute of Solar Energy, Gurgaon, Haryana.
- The Paris Declaration, establishing the ISA, states that the countries share the collective ambition to undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment solar generation assets.