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Framework Agreement On International Solar Alliance

India, with the support of France, has invited nations to facilitate infrastructure for the implementation of solar projects. The Alliance has committed to investing trillions of dollars and is committed to making the cost of solar energy more affordable for remote and inaccessible communities. The Alliance will help India reach its target of producing 100 GW of solar power and 175 GW of renewable energy by 2022. Countries support each other in research and development as well as in other high-level activities. [21] Jaime Hermida Castillo, Nicaragua`s permanent representative to the United Nations, signed the agreement on Wednesday at the Permanent Representation of India to the United Nations. The Central American country is the 87th country to have signed the agreement. The ISA is an alliance of 121 countries, most of which are sunny countries, located either in whole or in part between the circle of cancer and the circle of Capricorn. The Alliance partnered with the World Bank to present the Global Solar Atlas at an ISA event at the World Future Energy Summit in Abu Dhabi. Global Solar Atlas is a free online tool that displays the average annual potential of solar electricity anywhere in the world, identifying potential sites for solar power generation.

The World Bank announced: “This tool will help governments save millions of dollars for their own research, and provide solar investors and developers with an easily accessible and consistent platform to compare resource potential across sites in a region or countries.” [20] The International Solar Alliance (ISA) is an alliance of 121 countries, initiated by India, most of which are sunny countries, located either in whole or in part between the turning radius of cancer and the turning radius of Capricorn. The main objective of the Alliance is to promote the efficient use of solar energy to reduce dependence on fossil fuels. This initiative was first proposed by Indian Prime Minister Narendra Modi in a November 2015 speech at Wembley Stadium (London HA9 0WS, UK), in which he referred to the service countries as Suryaputra (“Son of the Sun”). [1] The alliance is a treaty-based intergovernmental organization. Countries that do not fall into the tropics can join the Alliance and enjoy all the benefits as members other than the right to vote. [2] After the United Nations, it is the largest group of states in the world. [3] [4] At the World Future Energy Summit (WFES), held in Abu Dhabi in January 2018, the Indian government announced the creation of a $350 million solar development fund to enable the financing of solar projects. On 30 June 2016, the Alliance reached an agreement with the World Bank to accelerate the mobilisation of funds for solar energy. The Bank will play an important role in mobilizing more than $1 trillion in investment needed by 2030 to meet the ISA`s goals for the massive use of affordable solar energy. [23] The Alliance is also called the International Solar Policy and Enforcement Agency (IASPA).

[9] ? The ISA aims to bring countries together to provide a collective response to the main common barriers to the massive use of solar energy in terms of technology, finance and capacity. The involvement of UN member countries in the Alliance will put solar energy on the global agenda, the ambassador said, adding that the growing membership will have the effect of benefiting the initiative from around the world. “? After the necessary ratifications/authorizations/acceptances were obtained by the required number of ISA member states in accordance with the ISA Framework Agreement, this amendment entered into force on July 15, 2020,” the ministry said in a statement. The ISA aims to mobilise Member States, solicit commitments from international organisations and mobilise the private sector to support rural and decentralised applications, access to affordable finance, mini-solar grids in islands and villages, rooftops and solar e-mobility technologies. . . .

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