InSPA, global alliance of 107 sunshine countries to be launched in New Delhi

InSPA: International Agency for Solar Policy & Application

The term InSPA was in news in the first week of September 2015 as the Union Government is planning to launch the global alliance on solar energy at a conclave in New Delhi.

The conclave will be held in the third week of November 2015 ahead of the COP-21 of The United Nations Framework Convention on Climate Change (UNFCC) in Paris.

InSPA stands for International Agency for Solar Policy & Application. Its launch event is expected to be attended by 107 member countries that are located between tropic of cancer and tropic of capricorn including China and Australia.

The members of the grouping are also called as sunshine countries as they receive high solar energy round the year.

The grouping will provide a common platform to learn from mutual experiences, Research and Development and for evolving common financial solutions and administrative solutions.

India’s leadership role in the launch of the grouping is coincided with the recent revision in the target of the Jawaharlal Nehru National Solar Mission (JNNSM).

Under the mission, India is expected to reach the production of 1 GW or 1 lakh MW of solar energy (compared to 20000 MW as per the previous target) by 2022 with an approximate investment of 6 lakh crore rupees.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App