International Solar Alliance ratification Approved by Union Cabinet Of India
⇒ Union Cabinet approved Union Ministry of New & Renewable Energy (MNRE) proposal for ratification of International ⇒ Solar Alliance (ISA) Framework Agreement by India.
⇒ This proposal was opened for signature on the sidelines of 22nd Conference of Parties (CoP) meeting United Nations ⇒ Framework Convention on Climate Change (UNFCCC) at Marrakesh, Morocco.
⇒ The Agreement invokes the Paris Declaration on ISA and encapsulates the vision of the member nations.
⇒ Till now, 25 nations have signed the Framework Agreement. World Bank and UNDP also have announced their partnership with the ISA.
About International Solar Alliance (ISA):
⇒ International Solar Alliance was started combinedly by PM Modi and President of France François Hollande in November, 2015 at Paris on the side-lines of the 21st CoP meeting of UNFCCC.
⇒ Its a dream project of Modi. The project is also the first international and inter-governmental organization comprising 121 Countries.
⇒ ISA works to joint more than 121 solar resource rich tropical nations lying fully or partially between two tropics for coordinated research, low cost financing and rapid deployment.
⇒ International Solar Alliance (ISA) headquarters are present in Gwal Pahari, Guragaon in Haryana.
⇒ ISA consists of an Assembly, a Council and a Secretariat (to be located in India).
⇒ ISA members will take actions with coordination through programs and activities which will collect demands for solar finance, solar technologies, innovation, R&D and capacity building.
⇒ India has given the support required for ISA operation already.