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International Solar Alliance and India
March 31 , 2018
2434 days
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- The International Solar Alliance (ISA) and Ministry of External Affairs (MEA) signed Host Country Agreement in New Delhi.
- The Agreement will give ISA a juridical personality and gives it power to contract, to acquire and dispose of movable and immovable properties, to institute and defend legal proceedings.
- ISA shall be deriving its status, privileges and immunities as per Article 10 of the Framework Agreement.
ISA
- The ISA is an Indian initiative, jointly launched by the Prime Minister of India and the president of France on November 2015 in Paris, on the side-lines of COP-21, the UN climate conference.
- The International Solar Alliance is alliance 121 countries, most of them being sunshine countries, which come either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
- The primary objective is to collectively work for efficient exploitation of solar energy to reduce dependence on fossil-based fuels.
- The Headquarters is in India with its Interim Secretariat being setup in Gurgaon.
- The agreement will become operational after at least 15 countries have ratified it.
- It is also expected to mobilise $1 trillion for funding solar energy projects by 2030.
- The institutional structure of ISA consists of an Assembly, a Council and a Secretariat.
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