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Mahesh

07/10/22 06:09 AM IST

International Solar Alliance’s Fifth Assembly to be held in New Delhi

In News
  • Shri R.K Singh , Union Minister for Power and New and Renewable Energy unvieled the curtain raiser to  the Fifth Assembly of the International Solar Alliance.
About Assembly 
  • The Assembly is the apex decision-making body of ISA, in which each Member Country is represented.
  • This body makes decisions concerning the implementation of the ISA’s Framework Agreement and coordinated actions to be taken to achieve its objective.
  • The Assembly meets annually at the ministerial level at the ISA’s seat.
  • It assesses the aggregate effect of the programmes and other activities in terms of deployment of solar energy, performance, reliability, cost and scale of finance.
  • The Fifth Assembly of the ISA will deliberate on the key initiatives of ISA on three critical issues of energy access, energy security, and energy transition.
About ISA 
  • The International Solar Alliance is an international organisation with 109 member and signatory countries.
  • It works with governments to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.
  • ISA’s mission is to unlock US$ 1 trillion of investments in solar by 2030 while reducing the cost of the technology and its financing.
  • It promotes the use of solar energy in the Agriculture, Health, Transport and Power Generation sectors.
  • ISA member countries are driving change by enacting policies and regulations, sharing best practices, agreeing on common standards, and mobilising investments.
  • With the signing and ratification of the ISA Framework Agreement by 15 countries, on 6 December, 2017, ISA became the first international intergovernmental organization to be headquartered in India.
Source- PIB 

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