A top International Solar Alliance official said, The International Solar Alliance (ISA) plans to launch the World Solar Bank (WSB) at the United Nations Climate Change Conference in Glasgow in November to secure India’s leadership in the development climate Will support the effort. “

 

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The development assumes significance, given that green finance will be among priority themes at the climate meet called COP-26, which comes in the backdrop of the US rejoining the Paris climate accord. The International Solar Alliance was co-founded by India at the 2015 climate change conference in Paris.

International Solar Alliance director general Upendra Tripathy said, “We are trying to launch a Green Grid Initiative (GGI), a Sun Charter, and the World Solar Bank at COP-26 at Glasgow so that COP-26 becomes as important and as far-reaching as COP-21 in the past.”

Further, he added, “GGI is a joint effort of International Solar Alliance and Climate Parliament to showcase the Green Energy Corridor (GEC) of India as an example to the world and encourage all member countries to emulate India’s GEC and integrate them to OSOWOG.

COP-26 president Alok Sharma arrived in Delhi on 15 February and met Prime Minister Narendra Modi, environment, forest and climate change minister Prakash Javadekar, external affairs minister S. Jaishankar, power and new and renewable energy minister Raj Kumar Singh, and G20 and G7 sherpa Suresh Prabhu.

These plans come in the backdrop of Ajay Mathur, a leading climate expert and advisor to the government, being elected as the next International Solar Alliance director-general. Leading global efforts to roll out “solarization” as part of the fight against climate change will be Mathur’s key task as he takes over the ISA mantle.

A consortium led by French state-run power utility firm EDF and comprising France’s AETS, and India’s The Energy and Resources Institute (Teri) has been tasked with creating the road map for the global grid OSOWOG.

 

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