First International Solar Alliance (ISA) Summit
The first International Solar Alliance (ISA) summit will be held on 11 March 2018 in New Delhi. It will concern enhancing ISA’s dynamics as well as strengthening concrete projects and financing strategies for the implementation of ISA’s objectives.
36 countries have taken part in an ISA consultation on their priorities in the fields of solar energy for agriculture and rural areas, solar mini-grids, rooftop installations and e-mobility: 100 priority projects have been advanced to launch a first phase of fundraising.
The initiative was launched by France and India during the Paris Climate Conference (COP21) in Paris in December 2015.
Since 6 December 2017, the Alliance has acquired the status of international organization.
Thus far, the framework agreement defining its statutes has been signed by 58 countries and ratified by 26 of them. This is one of the most promising coalitions to combat climate change.
The International Solar Alliance is the first international organization hosted in India, with its headquarters situated in Gurugram, in the outskirts of New Delhi.
ISA aims to make ‘scaling up’ a reality in the deployment of solar energy in the 121 countries with strong sunshine situated between the Tropics of Cancer and Capricorn. These countries represent 73% of the world’s population.
The objectives are therefore multiple:
- significantly reducing the costs of solar energy
- meeting the high energy demand in developing countries
- helping to combat climate change
ISA member countries undertake to amalgamate and harmonize their requests for finance, technologies and innovation to create a ‘common market’ in order to lower costs, strengthen quality control, better adapt products to needs and improve technologies.
To make solar energy affordable for the poorest, the Alliance underscores the importance of channeling capital, reducing costs through financial mechanisms, promoting universal access to energy and supporting the creation of common standards to guarantee appropriate product quality in the use of products by member countries.
To achieve these objectives, the Alliance aims to implement financial instruments to mobilize over $1 trillion in solar energy investment by 2030.