International Solar Alliance (ISA)

November 7, 2024

Current Context : The 7th Annual Assembly of the International Solar Alliance (ISA) took place in New Delhi from November 3-6, 2024

Key Outcomes:

India’s Leadership : India was re-elected as ISA President for the term 2024-2026, with France serving as Vice-President.

Release of the 3rd World Solar Report Series : This series includes four reports highlighting major findings:

Global Solar Capacity: Increased significantly from 1.22 GW in 2000 to about 1,419 GW by 2023
Manufacturing Trends: Production is expected to surpass 1,100 GW in 2024, doubling the demand and lowering solar panel costs
Job Growth: 16.2 million clean energy jobs globally, with 7.1 million in solar (44% increase from 2022)
Investment in Energy: Projected increase in global energy investments from $2.4 trillion in 2018 to $3.1 trillion by 2024; solar energy contributes to 59% of renewable investments

About ISA:

Mission: ISA is a global, intergovernmental organization committed to advancing solar energy to promote a carbon-neutral world. It was initiated at COP21 in Paris in 2015.
Headquartered in India
Membership: Includes 103 member countries and 17 signatories
Assembly Role: The Assembly is the main decision-making body, representing all member nations, and oversees the implementation of the ISA’s framework.