Renewable Energy Current Affairs
21 countries in Indian Ocean Rim Association (IORA) adopted Delhi Declaration on Renewable Energy in Indian Ocean Region. It was adopted at 2nd IORA Renewable Energy Ministerial Meeting held at 2nd Global Re-Invest India-ISA Partnership Renewable Energy Investor’s Meet & Expo in Greater Noida.
Delhi Declaration on Renewable Energy
It calls for collaboration among IORA member states in meeting growing demand for renewable energy in Indian Ocean littorals, development of common renewable energy agenda for Indian Ocean region (IOR) and promote regional capacity building.
It also calls for promotion of technology development and transfer, strengthening of public private partnerships (PPP) in renewable energy and collaboration among IORA member states and member nations of International Solar Alliance (ISA).
IORA member countries also resolved to collaborate with International Renewable Energy Agency (IRENA). They will also collaborate with ISA member nations to exchange knowledge and share views and potential interests in renewable energy sector paved by MoU signed between IORA and ISA with focus on joint capacity-building programs, R&D activities in solar energy and exchange of best practices.
IORA member nations and IRENA also agreed to undertake expansion of Global Renewable Energy Atlas, world’s largest-ever joint renewable resource data project, coordinated by IRENA. This will help in creating Indian Ocean region’s first and most comprehensive map and database which can be used to tap sizable renewable energy potential of region and collaborate on opportunities available under International Renewable Energy Learning Platform (IRELP).
Indian Ocean Rim Association (IORA)
IORA is international organisation consisting of coastal states bordering Indian Ocean, established in 1997 to promote cooperation in IOR. It is regional forum, tripartite in nature, bringing together representatives of Government, Academia and Business for promoting co-operation and closer interaction among them.
It is based on the principles of Open Regionalism for strengthening Economic Cooperation particularly on Trade Facilitation and Investment, Promotion as well as Social Development of the region. IORA comprises 21 member states (including India) and 7 dialogue partners. Besides, Indian Ocean Research Group and Indian Ocean Tourism Organisation have observer status.
Prime Minister Narendra Modi inaugurated first Assembly of International Solar Alliance (ISA) in New Delhi. The same event also marked inauguration of second Indian Ocean Rim Association (IORA) Renewable Energy Ministerial Meeting and second Global RE-Invest (Renewable Energy Investors’ Meet and Expo). United Nations Secretary General Antonio Guterres was present on the occasion.
International Solar Alliance (ISA)
ISA is an alliance dedicated to the promotion of solar energy among its member countries. The ISA Framework Agreement had entered into force in December 2017 and formally became de-jure treaty based International Intergovernmental Organization. It is headquartered at Gurugram, India. The main objective of ISA is to include global deployment of over 1,000GW of solar generation capacity and mobilisation of investment of over US$ 1000 billion into solar energy by 2030. ISA also aims to serve as an action-oriented organization by bringing together countries with rich solar potential to aggregate global demand, thereby reducing prices through bulk purchase. It also seeks to facilitate deployment of existing solar technologies at scale, and promoting collaborative solar R&D and capacity building.
Indian Ocean Rim Association (IORA)
IORA was set up with objective of strengthening regional cooperation and sustainable development within Indian Ocean Region with 21 member states and 7 Dialogue Partners. In, 2nd IORA Renewable Energy Ministerial meet, ministers from 9 member countries and delegates from all 21 member countries participated. IORA is international organisation consisting of coastal states bordering Indian Ocean. It serves as a regional forum, tripartite in nature, bringing together representatives of Government, Business and Academia, for promoting co-operation and closer interaction among them.
It is global platform to explore strategies for development and deployment of renewables. The 2nd Global RE-Invest was built upon success of RE-Invest 2015. It provided international forum to established players as well as new segments of investors and entrepreneurs to engage, ideate and innovate. It also showcased India’s green energy market and Government’s efforts to scale up capacity to meet national energy demand in socially, economically and ecologically sustainable ways. Globally, India stands fifth in renewable power, fourth in wind power and fifth in solar power installed capacity. India is one of world’s largest green energy markets with exponential increase in demand and supply.