- The Union Cabinet, chaired by the Prime Minister, Shri Narendra Modi has given its ex-post facto approval to the proposal of Ministry of New & Renewable Energy (MNRE) for ratification of ISA’s Framework Agreement by India.
- ISA was launched jointly by the Prime Minister of India and the President of France on 30thNovember, 2015 at Paris on the side-lines of the 21st CoP meeting of the United Nations Framework Convention on Climate Change.
- The ISA will strive to bring together more than 121 solar resource rich nations for coordinated research, low cost financing and rapid deployment.
- The foundation stone of the ISA Headquarters was laid at Gwal Pahari, Guragaon in Haryana.
- India has already committed the required support of operationalization of ISA.
- ISA will put India globally in a leadership role in climate and renewable energy issues. It will also give a platform to showcase its solar programmes.
Background
- The Agreement was opened for signature on the sidelines of 22nd CoP meeting at Marrakesh, Morocco.
- The Agreement invokes the Paris Declaration on ISA and encapsulates the vision of the prospective member nations.
- UNDP and World Bank have already announced their partnership with the ISA.
- Till now, 25 nations have signed the Framework Agreement.
