Curtain up for the Fourth General Assembly of the International Solar Alliance | Odisha News | Latest Odisha News

New Delhi: The Fourth General Assembly of the International Solar Alliance (ISA), will be held virtually between October 18-21, 2021, and will be chaired by RK Singh, Minister of Energy, New and Renewable Energies, Government of India and the President of the ISA Assembly. The President’s special envoy for climate, John Kerry, will deliver the keynote address on October 20, while the European Commission’s executive vice-president for the European Green Deal, Frans Timmermans, will also address the meeting on October 20.

The ISA Secretariat has scheduled a series of technical sessions on various ISA strategic initiatives on October 18, 2021, and technical sessions on various emerging issues in the solar and clean energy sector in partnership with partners and other organizations on October 20 and 21, 2021.

ISA Fourth Assembly to deliberate on key initiatives around the operationalization of the OSOWOG initiative, the $ 1 trillion solar investment roadmap for 2030 and the approval of a joint mechanism financial risk mitigation. World leaders from ISA member countries will also discuss ISA’s strategic plan for the next five years encompassing a national partnership framework, a private sector engagement strategy and initiatives such as the ISA funding program. ‘sustainability gap to facilitate affordable financing for solar power projects across ISA. membership. The ISA will also discuss the partnership with the Global Energy Alliance (GEA) to scale up technical and financial support to LDCs and SIDS.

A detailed report on OSOWOG is expected to be discussed in the Assembly. The concept of a single global solar power grid was first presented at the first ISA assembly in late 2018. It envisions building and scaling up interregional power grids to share the solar energy across the world, taking advantage of differences in time zones, seasons, resources and prices between countries and regions. OSOWOG will also help decarbonise energy production, which is today the largest source of global greenhouse gas emissions.

With India’s Ministry of New and Renewable Energy, the World Bank and ISA signing a tripartite agreement on OSOWOG, the initiative could be the world’s most important renewable energy catalyst. It can unlock unprecedented economies of scale in energy production and transmission. Rigorous assessments and modeling have confirmed the technical and economic viability of the initiative, providing a solid business case. Its commercial feasibility has been further enhanced by multilateral development banks such as the World Bank, which help create markets by lowering the costs of solar energy.

The Assembly is the supreme decision-making body of the ISA, in which each member country is represented. This body makes decisions regarding the implementation of the ISA Framework Agreement and the coordinated actions to be taken to achieve its objective. The Assembly meets annually at ministerial level at ISA Headquarters, assesses the overall effect of programs and other activities in terms of solar energy deployment, performance, reliability, as well as cost and efficiency. financing scale.

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