Moldova Joins the International Solar Alliance: A Step Towards Renewable Energy
| Aspect | Details |
|---|---|
| Why in News | Moldova joined the International Solar Alliance (ISA), signing the ISA Framework Agreement in New Delhi on December 6, 2023. |
| Key Event | Agreement formalized by India's External Affairs Minister S. Jaishankar and Moldovan Deputy PM Mihai Popșoi. |
| Global Context | Armenia became the 104th full member in November 2023. |
| ISA's Vision | Mobilize over USD 1,000 billion for solar energy by 2030. |
| ISA's Founding | Founded during COP21 in Paris in 2015 by Indian PM Narendra Modi and French President Francois Hollande. |
| Headquarters | India |
| Membership | 120 signatories, 100 full members. |
| Objectives | Scale solar technologies, reduce financing costs, promote collaborative R&D, and deploy solar energy in developing countries. |
| Notable Projects | Solarizing Malawi's Parliament, establishing solar-powered cold storage in Seychelles, and providing technical training. |
| Moldova's Details | Capital: Chișinău, Currency: Moldovan Leu (MDL). |
| India's Role | Leading member, showcasing solarization of government buildings and healthcare facilities globally. |
| Impact of ISA | Unites solar-resource-rich nations, reduces reliance on non-renewable energy, and supports energy transitions in Least Developed Countries (LDCs) and Small Island Developing States (SIDS). |