The International Solar Alliance (ISA) is a treaty based intergovernmental organisation working to create a global market system to tap the benefits of solar power and promote clean energy applications. With 75 signatory countries in this global collective, the ISA creates a multistakeholder ecosystem where sovereign nations, multilateral organisations, industry, policymakers and innovators work in together to promote the common and shared goal of meeting energy demands of a secure and sustainable world.
Through ISA, the Member Countries share the collective ambition to undertake innovative and concerted efforts to reduce the cost of finance and technology for deployment of solar generation assets. The ISA aims to pave the way for future solar generation, storage and technologies for Member Countries’ needs by mobilising over USD 1000 billion by 2030. Achievement of ISA’s objectives will also strengthen the climate action in Member Countries, helping them fulfil the commitments expressed in their Nationally Determined Contributions (NDCs).
The Journey of the ISA
The International Solar Alliance (ISA) is conceived as a coalition of solar resource rich countries to address their special energy needs and to provide a platform for collaboration to address the identified gaps through a common and agreed approach. The ISA was launched at 21st Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC CoP21) on 30 November 2015 by the Hon’ble Prime Minister of India, HE Narendra Modi and then-French President, HE Francois Hollande. HE Ban Ki Moon, then-Secretary General of the United Nations, also graced the occasion.
The Paris Declaration establishing the ISA states that the countries share the collective ambition to undertake innovative and concerted efforts for reducing the cost of finance and cost of technology for immediate deployment of solar generation assets. This will help pave the way for future solar generation, storage and good technologies for each prospective member countries’ individual needs by mobilising over USD1000 billion in solar investments by 2030. Achieving these objectives of the ISA will also help countries achieve climate targets inscribed in their Nationally Determined Contributions (NDCs).