About ISA

• International Solar Alliance (ISA) was launched in 2015 by Prime Minister Narendra Modi and former President of France Francois Hollande at the 21st session of the United Nations Climate Change Conference of the Parties (COP-21) in Paris, France.
• The Paris Declaration that established the ISA states that the countries share the collective ambition to undertake innovative and concerted efforts to reduce the cost of finance and technology for deployment of solar generation assets.
• ISA was conceived as a coalition of solar-resource-rich countries (which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn) to address their special energy needs.
• The ISA is an alliance of 121 signatory countries and 32 partner organizations including many UN organizations.
• As guided by the Framework Agreement of the ISA, the interests and objectives of the ISA are as follows:
  • To collectively address key common challenges to scale up solar energy applications in line with their needs;
  • To mobilize investments of more than USD 1000 billion by 2030; 
  • To take coordinated action through programmes and activities launched on a voluntary basis, aimed at better harmonization, aggregation of demand, risk and resources, for promoting solar finance, solar technologies, innovation, R&D, capacity building etc.;
  • Reduce the cost of finance to increase investments in solar energy in member countries by promoting innovative financial mechanisms and mobilizing finance from Institutions;
  • Facilitate collaborative research and development (R&D) activities in solar energy technologies among member countries.

• Countries that do not fall between the Tropics can also join the ISA and enjoy all benefits as other members, with the exception of voting rights.
• The Permanent Secretariat of ISA will be located in India at Gurugram, the first time that an inter-governmental treaty-based alliance will have its headquarters in India. The Interim Secretariat of the ISA is located at the National Institute of Solar Energy (NISE), Gurugram.

Why in News?

• A Memorandum of Understanding (MoU) was signed between International Solar Alliance (ISA) and International Civil Aviation Organisation (ICAO) to work towards providing information, providing advocacy, capacity building and demonstration projects. It will enable the solarization of the aviation sector across all Member States.

About ICAO

• A specialized agency of the United Nations, the International Civil Aviation Organization was created in 1944 to promote the safe and orderly development of international civil aviation throughout the world.
• It sets standards and regulations necessary for aviation safety, security and facilitation, efficiency, economic development of air transport as well as to improve the environmental performance of aviation.
• The Organization serves as the forum for cooperation in all fields of civil aviation among its 192 Member States.

Reference:

1. https://pib.gov.in/PressReleasePage.aspx?PRID=1862753