Question
Download Solution PDFWhich international initiative aims to mobilise solar energy investments of $1,000 billion by 2030?
This question was previously asked in
RPF Constable 2024 Official Paper (Held On 02 Mar, 2025 Shift 2)
Answer (Detailed Solution Below)
Option 2 : International Solar Alliance (ISA)
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RPF Constable Full Test 1
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Detailed Solution
Download Solution PDFThe correct answer is International Solar Alliance (ISA).
Key Points
- The International Solar Alliance (ISA) aims to mobilize $1,000 billion in investments for solar energy by 2030.
- ISA was launched on November 30, 2015, by the Prime Minister of India, Narendra Modi, and the former President of France, François Hollande, at the COP21 climate conference in Paris.
- The alliance focuses on promoting solar energy and reducing the cost of solar power generation through cooperative efforts.
- ISA's goal is to help countries harness solar energy more effectively to ensure energy security and to promote sustainable energy access.
Additional Information
- ISA Membership
- Open to 121 prospective member countries situated between the Tropic of Cancer and the Tropic of Capricorn.
- As of October 2021, ISA has 98 signatory countries, with 80 of them having ratified the ISA Framework Agreement.
- Focus Areas
- Promoting solar technologies and investment in the solar sector.
- Developing innovative financial mechanisms to reduce the cost of capital for solar projects.
- Encouraging capacity building and R&D in solar energy technologies.
- ISA Programs
- Scaling Solar Applications for Agriculture Use (SSAAU).
- Affordable Finance at Scale.
- Scaling Solar Mini-Grids.
- Scaling Solar Rooftop Projects.
- Global Impact
- ISA aims to mitigate climate change by reducing carbon emissions through increased use of solar energy.
- It seeks to ensure energy security and promote sustainable development, particularly in developing countries.
Last updated on Jun 2, 2025
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