Paraguay joins the International Solar Alliance in New Delhi

Recently, Paraguay has joined the International Solar Alliance (ISA), becoming the 100th member of the organisation. Paraguay’s Ambassador to India handed over the Instrument of Ratification to the ISA in New Delhi.

Key highlights

  • Paraguay’s membership showcases the rising influence of ISA and its actions towards increasing energy access, ensuring energy security and pushing the transition to sustainable energy.
  • ISA was founded in 2015 by India and France. Today, 119 countries are the signatories to the ISA Framework Agreement, of which 100 have signed the Instrument of Ratification. Before Paraguay, Spain joined the ISA as its 99th member earlier this year.
  • The ISA aims to facilitate actions towards the implementation of the Paris Climate Agreement by promoting advanced solar power technology. This is crucial to augment the fight against climate change. It will reduce the consumption of traditional sources of energy which cause carbon emissions and affect the environment.
  • The ISA aims to increase investment in the solar power segment, particularly in technology, to the tune of $1 trillion by 2030. It provides a conducive environment for members to work together towards tech advancement.

About Paraguay

  • Paraguay or the Republic of Paraguay is a South American country, that shares borders with Argentina, Brazil, and Bolivia. It is a landlocked country. Bolivia is also a landlocked country.
  • Its capital city is Asunción, which is the largest city in the country.
  • It is the founding member of the United Nations (UN) and the Non-Aligned Movement (NAM).

What is the Paris Climate Agreement?

  • Adopted in 2015 at UNFCCC COP21 by 196 countries, the Paris Climate Agreement is a legally binding global agreement aimed at fighting climate change.
  • The main objective of the accord is to limit global temperature below 2 degrees Celsius as compared to the pre-industrial levels and curb temperature rise to 1.5 degrees Celsius.
  • This Agreement replaced the Kyoto Protocol, through which the world was fighting climate change.
  • The draft agreement outlines a framework for signatories to collaborate to mitigate greenhouse gas emissions and, most importantly, support developing nations in their efforts to deal with climate change.
  • The signatories are required to submit and amend their Nationally Determined Contributions (NDCs) every 5 years.

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