First World Solar Technology Summit 

First World Solar Technology Summit 

Part of: GS Prelims and GS-III- renewable sources of energy

 In news

• The first World Solar Technology Summit (WSTS) is being organized by the International Solar Alliance (ISA) on 8th September, 2020.
• Organized by: The Federation of Indian Chambers of Commerce and Industry (FICCI).
• FICCI is also the convenor of ISA Global Leadership Task Force on Innovation.

Key takeaways

• More than 26000 participants from 149 countries have registered to join the virtual Summit.
• It is expected to bring the spotlight on accelerating affordable and sustainable clean green energy.
• Three agreements shall be announced: (1) ISA and International Institute of Refrigeration, (2) ISA and and Global Green Growth Institute and (3) ISA and National Thermal Power Corporation.
• A tripartite agreement between India’s Ministry of New and Renewable Energy, the World Bank and the International Solar Alliance is also set to be inked.
• ISA’s technology journal, Solar Compass 360 will also be launched during the summit.

To read more about it, click here

Important value additions

International Solar Alliance (ISA)

• The launch of ISA was announced by the Indian Prime Minister and former French President on 30th November 2015, at the 21st session of the United Nations Climate Change Conference of the Parties (COP-21) in Paris, France.
• Headquarter: Gurugram, India
• Aim: Lower the cost of technology and finance and thereby facilitate deployment of over 1,000 GW of solar energy and mobilize more than USD 1,000 billion into solar power by 2030 in Member countries.
• It was conceived as a coalition of solar-resource-rich countries (which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn) to address their special energy needs.
• 67 countries have signed and ratified the ISA framework agreement.
• The Assembly of the ISA is the apex decision-making body which comprises representatives from each Member Country.
• It could play a significant role in achieving the universal energy access goal (SDG 7).