International Solar Alliance headquartered in India with United Nations as Strategic Partner

Prime Minister Narendra Modi along with the President of France François Hollande, on 25 January 2016 laid the foundation stone of the International Solar Alliance (ISA) headquarters in National Institute of Solar Energy (NISE) in Gwalpahari, Gurgaon.

They also inaugurated the interim Secretariat of the ISA at the same place.

India dedicated 5 acre land at NISE to ISA for hosting its Secretariat and also contributed 175 crore rupees for ISA corpus fund for an initial period of five years. Thereafter it is expected to generate its own resources and become self-financing.

About International Solar Alliance

• It was jointly launched in Paris by India and France on 30 November 2015 during the United Nations climate change conference (COP21).

• It is the India’s first international and inter-governmental organization of 121 Countries to have headquarters in India with United Nations as Strategic Partner.

• It creates a collaborative platform for increased deployment of solar energy technologies to enhance energy security and sustainable development.

• It improves access to energy and opportunities for better livelihoods in rural and remote areas and to increase the standard of living.

• It will work with partner countries to formulate projects and programmes to accelerate development and deployment of existing clean solar energy technologies, the potential for which largely remaining untapped.

• It develops innovative financial mechanisms to reduce cost of capital and builds a common knowledge e-Portal.

• It also facilitates capacity building for promotion and absorption of solar technologies and Research and Development among member countries.

• It will encourage multilateral bodies like IRENA, REEEP, IEA, REN21, UN bodies, bilateral organizations, corporates, industry, and other stakeholders to contribute towards the goal of increasing utilization of solar energy in the member countries.

• It’s governance structure consists of an Assembly, a Council and a Secretariat.

• The Assembly will provide guidance, direction and advice to the Secretariat for undertaking the activities.

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