Current Affairs Telugu Daily

International Solar Alliance (ISA) becomes legal entity
The International Solar Alliance (ISA), which aims at increasing solar energy deployment in member countries, will become a treaty-based international inter governmental organization from 06th December 2017.
 The ISA, headquartered in India, has its secretariat located in the campus of the National Institute of Solar Energy, Gurgaon, Haryana.
 The ISA is an Indian initiative, jointly launched by the Prime Minister Narendra Modi and the president of France on 30 November 2015 in Paris, on the sidelines of COP-21, the UN climate conference.
 Objective:  It aims at addressing problems in solar energy through better harmonization and aggregation of demand from solar rich countries lying fully or partially between the tropics of Cancer and Capricorn.
 Till date, 46 countries have signed and 19 countries have ratified the framework agreement of the ISA. The ISA interim secretariat has been operational as a de-facto organization since 25 January 2016.
 India’s contribution: India has set aside $2 billion for solar projects in Africa out of the $10 billion concessional line of credit for the continent.

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