DMPQ- What is International Solar Alliance (ISA) ? Discuss it’s interests and objectives in achieving renewable energy goals.

The International Solar Alliance (ISA) was conceived as a coalition of solar-resource-rich countries (which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn) to address their special energy needs. The ISA will provide a dedicated platform for cooperation among solar-resource-rich countries, through which the global community, including governments, bilateral and multilateral

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organizations, corporates, industry, and other stakeholders, can contribute to help achieve the common goal of increasing the use and quality of solar energy in meeting energy needs of prospective ISA member countries in a safe, convenient, affordable, equitable and sustainable manner.

As guided by the Framework Agreement of the ISA, the interests and objectives of the ISA are as follows:

To collectively address key common challenges to scale up solar energy applications in line with their needs;
To mobilize investments of more than USD 1000 billion by 2030;
To take coordinated action through programmes and activities launched on a voluntary basis, aimed at better harmonization, aggregation of demand, risk and resources, for promoting solar finance, solar technologies, innovation, R&D, capacity building etc.;
Reduce the cost of finance to increase investments in solar energy in member countries by promoting innovative financial mechanisms and mobilizing finance from Institutions;
Scale up applications of solar technologies in member countries
Facilitate collaborative research and development (R&D) activities in solar energy technologies among member countries.
Promote a common cyber platform for networking, cooperation and exchange of ideas among member countries.

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