Context:
Recently, Spain has become the 99th member of the International Solar Alliance (ISA).
More on the news
- Spain handed over the International Solar Alliance Instrument of Ratification during the meeting between Spain’s Ambassador to India, and the Head of Depository, Joint Secretary (ED and MER), Ministry of External Affairs (MEA).
- At present, 116 countries are signatories to the ISA Framework Agreement, of which 94 countries have submitted the necessary instruments of ratification to become full members of the ISA.
About International Solar Alliance (ISA)
- India and France jointly launched the ISA during the UN Climate Change Conference (UNFCCC) COP21held in Paris in 2015. It is headquartered in Gurugram, Haryana, India.
- The ISA aims to contribute to the implementation of the Paris Climate Agreement through the rapid and massive deployment of solar energy.
- The ISA strives to develop and deploy cost-effective and transformational energy solutions powered by the sun to help member countries develop low-carbon growth trajectories, with a particular focus on delivering impact in countries categorized as Least Developed Countries (LDCs) and the Small Island Developing States (SIDS).
- The ISA is guided by its ‘Towards 1000’ strategy which aims to mobilise USD 1,000 billion of investments in solar energy solutions by 2030, while delivering energy access to 1,000 million people using clean energy solutions and resulting in the installation of 1,000 GW of solar energy capacity.