On December 6, the ISA will become a legal entity for mobilising finance to meet global ambitions of energy access and climate action
The International Solar Alliance (ISA)—India’s landmark push to popularise solar energy among countries between the Tropic of Cancer and Tropic of Capricorn (which hold good potential for solar power)—is set to become a legal entity on December 6, according to Indian representatives attending COP23 at Bonn.
The ISA was launched jointly by Indian Prime Minister Narendra Modi and the then French President Francois Hollande during the COP21 in Paris in 2015. Of the 121 potential signatories, 44 nations—predominantly from Africa, Latin America and the Pacific Island nations—have so far signed the ISA framework agreement. Fifteen of these, including Bangladesh, Ghana, Niger, Fiji, Somalia, South Sudan, India and France, have ratified the agreement while two documents of ratification, from Sudan and the Togolese Republic, are expected to be submitted in the near future. The number of ratifications required for the agreement to enter into force is 16.
"The ISA is going to be a legal entity on December 6. The plan is to generate 1,000GW of solar energy by 2030 in countries that have joined the agreement additional to their own domestic commitments and plans,” said Anand Kumar, secretary in India's Ministry of New and Renewable Energy.
The first global summit of the partners of ISA was earlier planned on December 9 this year, but later postponed to early next year due to the unavailability of French President Emmanuel Macron in December, Indian officials informed. The second edition of the Global Renewable Energy Investors Meet and Expo - RE-INVEST 2017, in which, France partners with India, has also been postponed to the third week of April 2018. It was slated to be held in Noida this December.
What are ISA’s goals?
The main objective of the Alliance is to unlock energy finance, technology and infrastructure required to reduce the costs of solar energy in countries with high potential for solar energy.
During an event on the ISA held at the Indian Pavilion at the COP venue on November 13, Ségolène Royal, President of the COP21 that culminated in the Paris Agreement, said, “Firstly, this is a tool to mobilise finance to meet global ambitions of energy access and climate action. This alliance holds great potential across sectors for decentralised energy, rooftop installations and in transportation.”
“The ISA will be critical in meeting the needs of energy access and offering solutions to cut transmission losses. I would say that it is at the core of sustainable development strategies,” said CK Mishra, Secretary of the MOEFCC.
Lofty vision, but do we have the means
The ISA has been presented as a programme that could help in mobilising funds to shift to solar energy that could cost thousands of billions of dollars by 2030. The 1,000 GW plan is in addition to India’s own plans to create 175 GW of renewable energy capacity by 2022, of which 58 GW has been achieved so far. By 2030, the plan is for renewables to occupy at least 40 per cent of India’s energy mix.
The Indian government has also pledged to spend $21 million in the venture between 2016 and 2021, which includes setting up of the headquarters in Gurugram. However, it must be noted that there is little clarity on how exactly the ambitious target of 1,000GW was arrived at or how it will be reached.
Interestingly, secretary Mishra has also made it clear that developmental imperatives in India will take precedence and coal will be a part of the energy mix pursued by the country that is still trying to bridge its energy access gap. “Development imperatives cannot be written off and need to be emphasised for countries like India where coal is still a cheap source of energy. But the ISA will form an important part of India’s effort at arriving at a cleaner and more suitable energy mix. Simultaneously, we shall also look at better and cleaner use of coal but not with high-tech solutions,” he said.
Currently, the capacity of solar power installed in the world is between 295 and 308 GW, while for India, this number lies between 9.3 and 9.9 GW, according to the latest statistics from 2016 published by the International Renewable Energy Agency (IRENA) and the REN21 Renewable Energy Policy Network for the 21st Century in their 2017 renewable energy status reports.
We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together.
Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.