India's Ministry of External Affairs (MEA) and International Solar Alliance (ISA) inked the Host Country Agreement.
What is the agreement?
- Under this agreement, ISA will be given a juridical personality and gives it the power to contract, to acquire and dispose off movable and immovable properties, to institute and defend legal proceedings.
- ISA will also enjoy the privileges of applicable tax concessions and immunities as are necessary for ISA's Headquarter to independently discharge its function and programmes.
- ISA shall be deriving its status, privileges and immunities as per Article 10 of Framework Agreement.
What is ISA?
The International Solar Alliance is an initiative launched by the Prime Minister of India and President of France on 30th November 2015 in Paris on the sidelines of COP21 UN Climate Change Conference. ISA became the first international intergovernmental treaty-based organization to be headquartered in India. ISA celebrated its founding day on 11th March 2018.Objective
- Undertaking joint efforts required to reduce the cost of finance and the cost of technology,
- Mobilizing more than the US $1000 billion of investments needed by 2030 for massive deployment of solar energy,
- Pave the way for future technologies adapted to the needs of 121 countries lying fully or partially between the Tropics.
ISA has presently four ongoing programmes:
- Scaling Solar Applications for Agricultural Use
- Affordable Finance at Scale
- Scaling Solar Mini-Grids
- Scaling Solar Rooftop
Expected Questions
With which of the following ministries has International Solar Alliance (ISA) inked the Host Country Agreement?
a. Ministry of External Affairs
b. Ministry of Skill Development and Entrepreneurship
c. Ministry of New and Renewable Energy Resources
d. Ministry of Finance
The International Solar Alliance is an initiative launched by India and
a. Brazil
b. USA
c. France
d. Russia
