Myanmar joins International Solar Alliance
Myanmar has joined India-initiated International Solar Alliance (ISA), making it 68th signatory to Framework Agreement of ISA. The ISA Framework Agreement was handed over by Myanmar Minister for International Cooperation, Kyaw Tin to India’s External Affairs Minister Sushma Swaraj on sidelines of Delhi Dialogue.
International Solar Alliance (ISA)
ISA was jointly launched by India and France in November 2015 at Paris on side lines of COP21 UN Climate Change Conference. Its Framework Agreement came into force in December 2017. It celebrated its founding day on 11th March, 2018. It is headquartered at campus of Natioanl Institute of Solar Energy (NISE), Gurugram, Harayana, making it first international intergovernmental treaty based organization to be headquartered in India.
ISA is action-oriented organization that aims brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating deployment of existing solar technologies at scale and promoting collaborative solar R&D and capacity building.
Objectives of ISA
- Undertake joint efforts required to reduce the cost of finance and the cost of technology;
- Mobilize more than US $1000 billion of investments needed by 2030 for massive deployment of solar energy;
- Pave way for future technologies adapted to needs of solar rich 121 countries lying fully or partially between Tropic of Cancer and Capricon.
ISA’s 4 ongoing programmes
- Scaling Solar Mini Grids;
- Affordable Finance at Scale.
- Scaling Solar Applications for Agricultural Use.
- Scaling Solar Rooftop catering to the needs of solar energy in specific areas.
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Month: Current Affairs - July, 2018