Chile Joins International Solar Alliance

• 08 Nov 2023

On 7^th Nov, Chile became the 95th member of the International Solar Alliance (ISA), a significant move that bolsters the global effort to advance solar energy.

Key Points

• ISA Membership Expansion: Chile's inclusion in the International Solar Alliance as its 95th member was marked by the presentation of the Instrument of Ratification by Chile's Ambassador to India.
• Global Solar Promotion: The ISA, co-founded by India and France, focuses on the widespread adoption of solar energy as a sustainable solution to combat climate change.
• It places emphasis on energy accessibility, security, and transitioning through collaborative efforts among member nations.
• Empowering Developing Nations: The ISA is particularly concerned with assisting countries, especially those categorized as Least Developed Countries (LDCs) and Small Island Developing States (SIDS), in pursuing low-carbon growth trajectories.
• The alliance's ambitious objective is to facilitate $1 trillion in solar energy investments by 2030 while working on reducing technology and financing costs.
• It aims to harness solar energy across various sectors, from agriculture to transportation, to enhance the overall energy landscape of member states.
• Global Energy Transition: The ISA's commitment is driven by the alarming reality that around six billion people, constituting 80 percent of the world's population, reside in regions heavily dependent on imported fossil fuels.
• The ISA envisions renewable energy sources supplying 65 percent of the world's electricity by 2030 and decarbonizing 90 percent of the power sector by 2050.