International Solar Alliance (ISA): Fourth General Assembly
The fourth general assembly of the International Solar Alliance (ISA), was held virtually between October 18th and October 21st, 2021.
- It was presided by Union Minister Shri R.K. Singh, Minister for Power, New and Renewable Energy, Government of India and the President of the ISA Assembly.
- A total of 108 countries participated in the Assembly, including 74 Member Countries and 34 Observer & Prospective Countries, 23 Partner Organizations and 33 Special Invitee Organisations also participated.
- It was announced that ISA targets US$1 trillion of investment in solar by 2030, which would be significant in bringing the world closer to energy transitions needed.”
- Under the Modi-Johnson leadership, UK and India will together bring the ‘Green Girds Initiative’ and ‘One Sun, One World, One Grid’ at COP26. This is aimed at mobilizing the global technical, financial and research cooperation because it is only by working together that we will deliver the scale and pace of the clean power transition aim.”
- During the assembly, two new programmes were launched: Management of Solar PV panels & battery usage waste & Solar Hydrogen programme.
- The new Hydrogen initiative is aimed at enabling the use of solar electricity to produce hydrogen at a more affordable rate than what is available currently (USD 5 per KG), by bringing it down to USD 2 per KG.
- Aiming to synergize its efforts and actions with other similar initiatives globally, One Sun One World One Grid (OSOWOG) has joined hands with GGI to form a unified GGI-OSOWOG initiative, which aims to contribute to the collaborative, rapid development of resilient grids globally – building on continental, regional and national grid infrastructure programs.
- The International Solar Alliance (ISA) also announced a partnership with Bloomberg Philanthropies to mobilize $1 trillion in global investments for solar energy across ISA’s member countries.
- The two organizations will work with World Resources Institute (WRI) to develop a Solar Investment Action Agenda and a Solar Investment Roadmap, which will be launched at COP26.