1. Bhutan ratifies International Solar Alliance Framework Agreement
Tags: International News
Bhutan on 14 September ratified the International Solar Alliance Framework Agreement.
IMPORTANT FACTS -
- Bhutan's Ambassador to India Major General Wetsop Namgyal handed over the ratification document to Secretary ER Dammu Ravi in the presence of DG International Solar Alliance.
International Solar Alliance :
It is a treaty-based intergovernmental organization whose primary function is to promote solar development by reducing the cost of financing and technology.
It is the nodal agency to implement 'One Sun, One World, One Grid'.
It aims to transfer the solar energy generated in a specific region to meet the electricity demand of another region.
It was launched by the Prime Minister of India and the President of France on 30 November 2015 at the Conference of the Parties (COP-21) to the UNFCCC in France (Paris) along with 121 solar resource rich nations.
Its key objectives include achieving a global potential of over 1000 GW of solar power generation capacity and mobilising about $1000 billion to invest in solar energy by 2030.
Member-106 countries have signed this Framework Agreement. 86 out of 106 countries have signed and ratified this Framework Agreement.
Headquarters - Gurugram, India
