International Solar Alliance aims to mobilise over $1,000 billion in solar investment
Background
The International Solar Alliance (ISA) was established by Prime Minister Narendra Modi and President of France Francois Hollande on November 30, 2015. The Ministry of New and Renewable Energy describes ISA as a treaty-based international intergovernmental organization. Its stated objective is to scale up solar energy and reduce the cost of solar power generation through aggregation of demand for solar finance, technologies, innovation, research and development, and capacity building. The alliance aims at mobilising more than USD 1000 billion of investment needed by 2030 for the massive deployment of solar energy.
Established:
30 November 2015
Founders:
PM Narendra Modi and President Francois Hollande of France
Investment target:
Over USD 1000 billion by 2030
Why it matters for exams: ISA is a frequently asked India-led multilateral initiative; its founding, objective and founder-countries are a staple in exams on international organisations.
Kerala PSCUPSC