Prime Minister Narendra Modi on October 2, 2018 inaugurated the first Assembly of the International Solar Alliance at Vigyan Bhawan, New Delhi in the presence of the United Nations’ Secretary General Antonio Guterres.
The same event saw the inauguration of the second IORA Renewable Energy Ministerial Meeting and the 2nd Global RE-Invest (Renewable Energy Investors’ Meet and Expo). The Business and Technical Sessions of ISA Assembly, IORA Meet and RE-INVEST 2018 Expo will be held at India Expo Mart, Greater Noida, Uttar Pradesh from October 3-5, 2018.
At the inaugural function, 100 students from various schools lit the Solar Study Lamp. A short film on the ‘Journey of Renewable Energy in India” and another film on Student Initiative on Solar Lamp were screened on the occasion.
The countries that have ratified the ISA Treaty Framework will attend the Assembly as Members and the countries that have signed but are yet to ratify the ISA Treaty Framework will attend the Assembly as Observers
Highlights of PM Modi’s speech
• The International Solar Alliance could replace OPEC as the key global energy supplier in the future.
• Effect of increased use of renewable energy is now visible in India.
• India is working towards the goals of the Paris Agreement through an action plan.
• The target is to generate 40 percent of India's total energy requirements in 2030 by non fossil fuel based sources.
• India is developing with a new self-confidence of "Poverty to Power."
• Besides solar and wind power, India is working on biomass, biofuel and bio-energy.
• Modi announced the launch of the National Energy Storage Mission that will look at manufacturing, deployment, technology development and policy framework.
About International Solar Alliance (ISA)
The vision and mission of the International Solar Alliance is to provide a dedicated platform for cooperation among solar resource rich countries that lie completely or partial between the Tropics of Capricorn & Cancer.
It aims to undertake joint efforts required to reduce the cost of finance and technology and mobilise more than USD 1000 billion of investments needed by 2030 for massive deployment of solar energy.
It aims to create a collaborative platform for increased deployment of solar energy technologies to enhance energy security and sustainable development. It will work with partner countries to formulate projects and programmes to accelerate development of clean solar energy technologies.
Under this initiative, the countries share the collective ambition:
(i) To address obstacles that stand in the way of rapid and massive scale-up of solar energy
(ii) To undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of competitive solar generation
(iii) To mobilise more than USD 1000 billion of investments by 2030.
India committed Rs 175 crore for setting up of ISA and till date released a sum of Rs 145 crore for creating a corpus fund, building infrastructure and meeting day to day recurring expenditure.
On March 11, 2018, the Prime Minister Narendra Modi and the President of France, Emmanuel Macron co-hosted the founding conference of the International Solar Alliance (ISA).
The conference adopted the Delhi Solar Agenda under which the member states agreed to pursue an increased share of solar energy in the final energy consumption in respective national energy mix, as a means of tackling global challenges of climate change.
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