Prime Minister Narendra Modi recently inaugurated the first Assembly of the International Solar Alliance (ISA) in New Delhi. The same event also marked the inauguration of the second IORA Renewable Energy Ministerial Meeting, and the second Global RE-Invest (Renewable Energy Investors’ Meet and Expo).
The Paris Declaration establishes ISA as an alliance dedicated to the promotion of solar energy among its member countries.
The ISA’s major objectives include global deployment of over 1,000GW of solar generation capacity and mobilisation of investment of over US$ 1000 billion into solar energy by 2030.
What it does?
As an action-oriented organisation, the ISA brings together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase, facilitating the deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity building.
When it entered into force?
When the ISA Framework Agreement entered into force on December 6th, 2017, ISA formally became a de-jure treaty based International Intergovernmental Organization, headquartered at Gurugram, India.
The Indian Ocean Rim Association (IORA), formerly known as the Indian Ocean Rim Initiative and Indian Ocean Rim Association for Regional Cooperation (IOR-ARC), is an international organisation consisting of coastal states bordering the Indian Ocean.
The IORA is a regional forum, tripartite in nature, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
The IORA is an association of 21 countries and 7 dialogue partners which have identified 6 areas of cooperation including medicinal plants. The Coordinating Secretariat of IORA is located at Ebene, Mauritius.