India and France re-elected as President, Co-President of the International Solar Alliance, Energy News, ET EnergyWorld

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New Delhi: India and France have been re-elected as President and Co-President of the International Solar Alliance (ISA), for a two-year term at the virtual meeting of the Third Assembly, the New Energy Ministry informed According to an official statement, while speaking in plenary, ISA Assembly Speaker, India’s Minister of Energy and New and Renewable Energies, RK Singh, welcomed the meeting. members of the Alliance to Combat Climate Change and welcomed the seventh initiative on heating. and cooling to be introduced for discussion at the Third Assembly.Singh said solar energy has come a long way in the past 5 years and is now the fastest growing energy source in the world. He said: “Solar energy already contributes around 2.8% of the world’s electricity, and if the trends continue, by 2030 solar will become the most important energy source for the production of electricity. ‘electricity in much of the world’.

The ISA President also referred to various activities and programs launched by the ISA since the 2nd Assembly. According to the press release, Assembly Co-President Barbara Pompili, French Minister for the Ecological Transition, stressed that the ISA played a key role in helping to redirect funding towards renewable energies, especially in developing countries, and the challenge of energy at the service of all.

She also reiterated France’s involvement, stressing that of the 1.5 billion euros in funding that France has committed for solar projects in ISA member states until 2022, 1.15 billion euros have been committed to concrete projects.

The third ISA assembly brought together 34 ISA member ministers. No less than 53 member countries and 5 signatory and potential member countries participated in the Assembly, according to the official statement.

During the meeting, four new vice-presidents were also chosen to represent the four regions of the ISA. The representatives of Fiji and Nauru for the Asia-Pacific region; Mauritius and Niger for the Africa region; United Kingdom and Netherlands for Europe and Others region, and Cuba and Guyana for Latin America and Caribbean region served as vice-chairmen.

The Assembly also endorsed the initiatives of the ISA Secretariat to institutionalize ISA engagement with private and public business sector through the Coalition for Sustainable Climate Action (CSCA). Ten public sector organizations in India presented a check for USD 1 million each to the assembly.

The President of the 26th edition of the United Nations Conference of the Parties on Climate Change (COP-26), Alok Sharma, recalled the UK’s commitment to tackling climate change and discussed key priorities.

For the first time since the start of the ISA framework agreement, solar prizes were awarded to countries in the region as well as to institutions working for solar energy.

ISA is an initiative launched by Prime Minister Narendra Modi and former French President François Hollande on November 30, 2015 in Paris, France, on the sidelines of COP-21.

The overarching goal of the ISA is to collectively address the major challenges common to solar power expansion in ISA member countries.

It also aims to undertake the necessary joint efforts to reduce the cost of finance and the cost of technology, mobilize the necessary investments for a massive deployment of solar energy and pave the way for future technologies adapted to the needs.



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