- In June, 2021, the Ministry of External Affairs (MEA) stated that the Kingdom of Denmark has signed the framework agreement of the International Solar Alliance Framework Agreement (ISAFA) and instrument of Ratification with India.
ABOUT THE NEWS
- Denmark has become the first country to ratify International Solar Alliance Framework Agreement (ISA FA) after the amendments to it that was entered into force on January 8, 2021.
- The ISA’s major objective include global deployment of over 1000 GW of solar generation capacity by 2030.
INTERNATIONAL SOLAR ALLIANCE
- International Solar Alliance is an alliance of over 120 countries initiated by India.
- Most of them being sunshine countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn.
- This initiative was proposed by Indian Prime Minister Narendra Modi and launched by him at the UN Climate Change Conference of parties (CoP-21) in Paris along with the President of France.
- It was launched on 30th November 2015.
- It is a platform for the collaboration of sunshine countries in the domain of energy security.
WHY INTERNATIONAL SOLAR ALLIANCE
- Most of the sunshine countries are poor and the least developing. Hence, solar power becomes critical for solar energy.
- There is no proper ecosystem that creates a willingness to being and set up renewable energy. Hence the focus of ISA will be on policy ecosystem and integration concerning solar energy.
AIM OF ISA
- Aims to work for efficient consumption of solar energy for reducing dependence.
- Reducing financial risk across a larger global market.
- Increasing energy access.
- Encouraging cooperation on technology.
- Building capacity.
- To harness the energy from nature free of cost and which is abundant by available.
- To address some of the questions like ‘technological transfer storage of solar energy & financial assistance, on fossil fuels.
- To contribute to the implementation of the Paris climate agreement through the massive deployment of solar energy.
It can be said that International Solar Alliance will pave a way for energy diplomacy in 21st century and its intent to reduce the dependence on non-renewable sources of energy like fossil fuel.