IRENA welcomes establishment of ISA as a platform to advance solar energy

Marie Harrington
March 13, 2018

Among other pledges, the prime minister said that India would generate 175 GW of energy from renewable sources by 2022, of which 100 GW will come from solar energy.

Indian Prime Minister Narendra Modi called for a unified effort for promoting solar energy and said the Alliance would help to achieve greater global energy security. The focus on solar energy, wind energy and policies like giving impetus to Electronic Vehicles (EV's) leaves no doubt in one's mind that India is serious about its commitment to combating climate change.

Besides 23 heads of state, senior representatives of many countries, including deputy prime ministers and energy ministries have confirmed their participation in the day-long ISA Summit.

Earlier this year during the Future World Energy Summit 2018 in Abu Dhabi, the YES Bank committed financing solar projects of up to $5 billion by 2030.

Adding to this External Affairs Secretary (Economic Relations) T S Tirumurthi said, "All of them (US and China) have taken part very actively in the steering committee proceedings". While hailing the "Solar Mamas", a group of women solar engineers, he also referred to the countries which chose to leave the climate agreement.

ISA, headquartered in Gurugram near New Delhi, is now a treaty-based intergovernmental organization that was established following the Paris Declaration as an alliance dedicated to the promotion of solar energy among its member countries.

India and France were standing ahead of the line when 195 nations signed the landmark Paris [Climate] Agreement, in which there was global consensus to work towards limiting global warming to two degrees Celsius by 2100. They started to act and deliver concrete results.

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"We have to ensure that a better and affordable solar technology is easily accessible to everyone", he said.

The ISA is open to 121 prospective member countries, a lot of them located between the Tropics of Cancer and Capricorn as this is the region worldwide with a surplus of bright sunlight for most of the year.

Until now, 56 countries out of a potential 121 have committed to the ISA Framework Agreement.

The oblique reference was towards US President Trump's decision to pull out of the Paris climate agreement, which was signed by almost 200 countries in December 2015 in an effort to curb global greenhouse gas emission and limit global warming to within 2 degrees Celsius.

"Because they (solar mamas) decided it was good for them, for their children, grandchildren, they made a decision to act and keep acting and that is why we are here in order to act very concretely". India also aims to achieve 40% installed power capacity from renewable energy by 2030.

On Saturday, India had stated that ISA "is planning to get all the multilateral development banks to support" the cause and increasingly ISA is "appealing to these development banks if they could set aside a particular percentage of their loan portfolio to fund renewable energy projects worldwide".

Other reports by TheSundaySentinel

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