Fourth International Solar Alliance General Assembly
Source : PIB
GS II : Important International institutions, agencies and flora- their structure, mandate
What is discussed under Fourth International Solar Alliance General Assembly ?
- About the General Assembly
- What is OSOWOG Initiative ?
Why in News ?
The fourth general assembly of The International Solar Alliance (ISA), is to be held virtually between October 18th and October 21st, 2021.
Key Facts
- A series of technical sessions on various strategic initiatives of the ISA.
Source : Photo by Nuno Marques on Unsplash - Also technical sessions on various emergent issues in the solar and clean energy sector in partnership with partner and other organizations on October 20th and 21st, 2021.
- Fourth Assembly of the ISA will deliberate on the key initiatives around the operationalization of the OSOWOG initiative.
- It is the $1 trillion Solar Investment Roadmap for 2030.
- Approval of a Blended Financial Risk Mitigation Facility.
- discuss the strategic plan of the ISA for the next five years encompassing a Country Partnership Framework, Strategy for Private Sector Engagement, and initiatives such as Viability Gap Financing scheme to facilitate affordable finance for solar energy projects across ISA’s membership.
- The ISA will also discuss the partnership with Global Energy Alliance (GEA) to scale up technical and financial support to LDCs and SIDS.
- About the General Assembly
- The Assembly is the apex decision-making body of ISA, in which each member country is represented.
- This body makes decisions concerning the implementation of the ISA’s Framework Agreement and coordinated actions to be taken to achieve its objective.
- The Assembly meets annually at the Ministerial level at the seat of the ISA, assesses the aggregate effect of the programmes and other activities in terms of deployment of solar energy, performance, reliability, as well as cost and scale of finance.
What is OSOWOG Initiative ?
- OSOWOG initiative as a possible solution for driving down the need for storage and in effect reduce the costs of the energy transition.
- It envisions building and scaling inter-regional energy grids to share solar energy across the globe, leveraging the differences of time zones, seasons, resources, and prices between countries and regions.
- The idea for the One Sun One World One Grid (OSOWOG) initiative was put forth by the Prime Minister of India Shri Narendra Modi at the First Assembly of the International Solar Alliance (ISA) in October 2018.
- It is a call for connecting solar energy supply across borders.
- United Kingdom and India agreed to combine forces of the Green Grids Initiative and the One Sun One World One Grid initiative.
- OSOWOG is planned to be completed in three phases.
- The first phase will entail interconnectivity within the Asian continent.
- The second phase will add Africa.
- The third phase will globalize the whole project.
- OSOWOG will help decarbonize energy production, which is today the largest source of global greenhouse gas emissions.
About : International Solar Alliance
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