The International Solar Alliance (ISA) is a treaty-based intergovernmental organization formed in 2015 by India and France. The main objective of the ISA is to promote the use of solar energy and encourage countries to increase investment in solar technologies. In 2018, the ISA Framework Agreement was adopted, which outlines the legal and institutional framework for the organization.
The ISA Framework Agreement outlines the governance structure of the organization, with a focus on ensuring participation by all member countries. The framework includes provisions for decision-making, financing, and technical assistance, as well as collaboration with other organizations in the solar energy sector.
One of the key aspects of the ISA Framework Agreement is the focus on mobilizing investment in solar energy. The agreement sets out a target of mobilizing over $1 trillion in investment for solar energy projects by 2030, with a focus on developing countries. The ISA also aims to promote the use of renewable energy and energy efficiency measures, as well as support research and development in the sector.
The ISA also places an emphasis on capacity building, with a particular focus on developing countries. The organization aims to provide technical assistance, training, and education to promote the use of solar energy and improve the capacity of member countries to implement solar energy projects.
In addition to promoting investment in solar energy, the ISA Framework Agreement also sets out provisions for collaboration with other organizations in the sector. The agreement encourages cooperation with other international organizations, including the United Nations and the World Bank, to promote the use of solar energy and achieve common goals.
Overall, the ISA Framework Agreement represents an important step forward in the promotion of solar energy and the development of sustainable energy systems around the world. By encouraging investment, promoting capacity building and cooperation, and emphasizing the importance of renewable energy, the ISA is helping to drive the transition towards a low-carbon future.