20 nations sign Framework Agreement of International Solar Alliance
The Framework Agreement of ISA was opened for signature on the sidelines of the CoP22 to the United Nations Framework Convention on Climate Change.
More than 20 countries, including Brazil, France and India, on 15 November 2016 signed the framework agreement of the International Solar Alliance (ISA) at Marrakech, Morocco.
The Framework Agreement of ISA was opened for signature on the sidelines of the CoP22 to the United Nations Framework Convention on Climate Change. This will make ISA a pioneering, action oriented and sui generis international and inter-governmental treaty-based organisation that will be registered under Article 102 of the United Nations charter.
What is International Solar Alliance?
• ISA was jointly launched by Prime Minister Modi and French President Francois Hollande at the CoP21 held in Paris in 2015.
• This initiative was proposed by Prime Minister of India Narendra Modi first during his speech at Wembley Stadium. He launched the initiative at the India Africa Summit.
• Its main aim is to collectively work for efficient exploitation of solar energy to reduce dependence on fossil based fuels.
• The alliance is also referred to as the International Agency for Solar Policy and Application (IASPA).
• The structure of ISA will consist of two tiers in the form of an Assembly and Secretariat. The Secretariat will be set-up in New Delhi for the initial five years.
• Also, India already offered a contribution of 175 crore rupees for creating ISA corpus fund and for meeting the cost of ISA secretariat.