International Solar Alliance is essential vehicle to fulfill international pledges on energy transition: RK Singh

New Delhi: Union Minister for Power and New and Renewable Energy R K Singh said that India’s pace of energy transition is the fastest in the world and the International Solar Alliance ( ISA) is absolutely essential for our planet’s goal of energy transition.

The Minister was speaking, while unveiling the curtain raiser to the fifth Assembly of the International Solar Alliance, to be held in New Delhi from 17th – 20th October, 2022.

India holds the office of the President of the ISA Assembly and delegates from 109 Member and Signatory Countries are set to participate in this meeting.

The Minister in his address further remarked that ISA is the essential vehicle to fulfill the international pledges on energy transition.

“Solar being the cheapest source of energy, solar and mini grids are the answer to the universal access of energy in the world” he added.

The International Solar Alliance is an international organization with 109 member and signatory countries.

It works with governments to improve energy access and security worldwide and promote solar power as a sustainable way to transition to a carbon-neutral future.

ISA’s mission is to unlock US$ 1 trillion of investments in solar by 2030, while reducing the cost of the technology and its financing.

The fifth assembly is the apex decision-making body of ISA, in which each Member Country is represented.

This body makes decisions concerning the implementation of the ISA’s Framework Agreement and coordinated actions to be taken to achieve its objective.

The Assembly meets annually at the ministerial level at the ISA’s seat to assess the aggregate effect of the programmes and other activities in terms of deployment of solar energy, performance, reliability, cost and scale of finance.

According to the official statement, the fifth assembly of the ISA will deliberate on the key initiatives of ISA on three critical issues of energy access, energy security, and energy transition.

World leaders from ISA Member Countries will also discuss the strategic plan of the ISA in Programmatic Support for LDC and SIDS Member Countries, Capacity Building support to all developing member countries, analytics and Advocacy support to all member countries.

The 5th Assembly is expected to lead to a greater consensus among countries for promotion of solar power. Increased international cooperation will be the backbone of energy transition, propelling investment and creating millions of new green jobs in this crucial decade of climate action.