Why in News?
The Union Cabinet has given its ex-post facto approval for entering into Headquarters (Host country) Agreement between India and the International Solar Alliance (ISA) and authorizing the Ministry of External Affairs for signing the Headquarter Agreement.
FACTS FOR PRELIMS
About the Agreement
The Headquarters Agreement will institutionalize the functional arrangements between India and ISA.
It will help in the smooth transition of ISA as an international inter-governmental organization. Creation of ISA will lead to accelerated solar technology development and deployment in ISA member countries including India.
International Solar Alliance
The International Solar Alliance (ISA) was unveiled by Prime Minister Narendra Modi and then French President Francois Hollande at the U.N. Climate Change Conference in Paris on November 30, 2015. The idea was to form a coalition of solar resource-rich countries to collaborate on addressing the identified gaps in their energy requirements through a common approach. Towards this, the ISA has set a target of 1 TW of solar energy by 2030.
The ISA is open to 121 prospective member countries, most of them located between the Tropics of Cancer and Capricorn as this is the region worldwide with a surplus of bright sunlight for most of the year.
Apart from being a founding-member, India plays a significant role in the alliance in terms of being a host as well as a major contributor to the achievement of the target. The ISA is the first international body that will have a secretariat in India. India, with a target to produce 100 GW of solar energy by 2022, would account for a tenth of ISA’s goal.