Why in News?
India, France to co-host first International Solar Alliance summit in New Delhi.
FACTS FOR PRELIMS
The initiative was launched by the PM at the India Africa Summit in New Delhi and the United Nations Climate Change Conference in Paris, held in the months of October 2015 and November 2015, respectively.
A year later, the ISA Framework Agreement was opened for signature during the CoP-22 at Marrakesh, Morocco, on November 15, 2016.
As of date, there are 121 prospective member countries and territories of ISA, out of which close to 90 countries have signed the ISA Framework Agreement.
Aim of the Summit
The aim of the summit is to deliberate on a finance mechanism for the promotion of solar energy in member countries, crowd-funding and technology transfer.
Significance for India
The summit is of particular significance to India as it strives to achieve the ambitious target of generating 175 GW of renewable energy, including 100 GW of solar energy, by 2022.
Source-Times of India.