Joint Declaration and International Solar Alliance to Boost Solar Energy Worldwide

The International Renewable Energy Agency (IRENA) and the International Solar Alliance (ISA) signed a Joint Declaration to deepen the cooperation between the two organizations to accelerate solar energy deployment. The Joint Declaration was signed at the Founding Conference of the ISA, which is a treaty based international inter-governmental alliance of 121 solar resource rich countries. The ISA Countries are lying fully or partially between the Tropics of Cancer and Capricorn.

Thanks to cost declines, innovative policies and new business models solar energy is the fastest growing renewable energy today. As a dedicated platform ISA will gather solar rich countries together to increase solar energy and solar energy cooperations.

IRENA’s estimation shows that solar must count for at least 35% of global power capacity by 2050 in order to meet the objectives of the Paris Agreement on climate. According to the Director General of IRENA, Mr. Adnan Z. Amin, IRENA will stand with ISA and its members to enhance the solar energy deployment.

The International Solar Alliance will mobilize USD 1 trillion of capital to reach its goal to accelerate the adoption of solar energy all over the world. As like the Director General of IRENA, Upendra Tripathy, the Interim Director General of ISA, also takes attention to importance of the cooperation for solar energy.

Through rapid advances in technology and economies of scale, the cost of electricity from solar energy decreased by almost %70 between 2010 and 2016. More over, the average cost of electricity from solar energy is estimated to decrease by further %60 in the coming decade. Along with the decreasing costs, the solar power will incease its employment capacity, it already had 3.1 million people working in the sector in 2016 and the number will rise within the next years.

The collaboration between IRENA and ISA, will advance solar energy deployment through helping countries develop policies and regulations. Also the implementation of IRENA initiatives such as the Clean Energy Corridors and the SIDS Lighthouses will give momentum to supporting solar energy.

Cooperations could create immense effects on collective actions for renewable energy. Increasing projects means increasing awareness and increasing capabilities. It is obvious that, more cooperations are needed for the sustainable green future.

http://www.irena.org/newsroom/pressreleases/2018/Mar/IRENA-Welcomes-Establishment-of-International-Solar-Alliance-as-a-Platform-to-Advance–Solar-Energy