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