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Current Affairs-Topics
Nepal Joins International Solar Alliance as 101st Member
Nepal has become the 101st member of the International Solar Alliance (ISA), a global intergovernmental organization focused on solar power adoption. |
Neal's Membership in the International Solar Alliance (ISA)
- Nepal became the 101st member of the ISA on September 9, 2024
- Nepal handed over its Instrument of Ratification to the ISA in New Delhi
- The ratification was exchanged between:
- Nepal's Charge d'affairs, Dr. Surendra Thapa
- Joint Secretary (ED&MER) in India's External Affairs Ministry, Abhishek Singh
- The Ministry of External Affairs of India announced this development on social media
Overview of the International Solar Alliance (ISA)
- ISA is a global intergovernmental organization focused on solar power adoption
- Launched as a collaborative initiative between India and France
- Conceptualized during COP21 in Paris in 2015
Goals:
-
- Increased deployment of solar energy technologies
- Bringing energy access to member countries
- Ensuring energy security
- Driving energy transition
- Focus on delivering impact in Least Developed Countries (LDCs) and Small Island Developing States (SIDS)
- Headquarters located in Gurugram, India
- Open to all UN member states since a 2020 amendment to its Framework Agreement
ISA's Key Areas of Cooperation and Activities
Analytics & Advocacy:
-
- Spreads awareness about solar energy
- Champions adoption of solar-friendly policies
Policy Support:
-
- Aids governments in creating solar-friendly energy policies
- Provides Ease of Doing Solar analytics and advice
Business Model Development:
-
- Develops, tests, and implements new business models for solar projects
- Aggregates demand for solar technology across nations
Financial Access Enhancement:
-
- Mitigates risks to attract private investments
- Collaborates with multilateral development banks (MDBs) and development financial institutions (DFIs)
Partnerships:
-
- Works with private and public sector organizations
- Engages with civil society and international institutions
ISA's Approach and Impact
- Action-oriented, member-driven collaborative platform
- Strives to develop cost-effective and transformational energy solutions
- Aims to help member countries develop low-carbon growth trajectories
- Focuses on delivering impact in LDCs and SIDS
- Facilitates partnerships to deliver change in the global energy landscape
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