The International Solar Alliance originally came into existence at the 2015 Paris Climate Change summit. This intergovernmental organization aims to promote solar energy in 121 solar resource-rich countries located between the Tropic of Cancer and Capricorn. Australia signed and ratified the ISA Framework Agreement in 2016, joining 31 others founding members.
The first summit, concluded on Sunday the 11th of March 2018 in New Delhi, brought together 23 heads of nations and 10 ministerial representatives, including Governor-General Sir Peter Cosgrove representing Australia. Three solar programs have been revealed prior to the summit: Scaling solar applications for agriculture use, Affordable finance at scale, and Scaling solar mini-grids and over one hundred of priority projects have been announced for the first phase of fundraising. In total, the alliance aims to mobilize more than US$ 1,000 billion of investments by 2030 to help the deployment of solar energy and set up 1,000 gigawatts of solar power capacity across the world.
The objectives are multiple:
- massively reduce the costs of solar energy
- promote solar applications
- reduce their carbon footprint
The 121 countries targeted by the ISA represent 73% of the world’s population. Developing solar energy in those developing countries will help them to meet their high energy demands. Strategies include not only lowering solar costs but also developing common knowledge and facilitating collaborations. Australia comes with a significant expertise and leadership in the industry with a quarter of Australian houses equipped with solar panels.
Learn more about the International Solar Alliance here.
Don’t waste another sunny day paying for your electricity, go solar with Energis! Call us today on 1300 782 217, or send us an enquiry.
