ISA is an alliance of more than 121 countries initiated by India, most of them being sunshine countries countries which lie either completely or partly between the Tropic of Cancer and Tropic of Capricorn.
- Would mobilize funding for solar energy initiatives.
- Would undertake joint R&D with respect to solar technologies.
- Aims to address energy security issues and challenges of countries.
- Aims to address issues like Sustainable Development Goals.
- Aims to tackle Global Warming and climate change.
- Funding, even in other initiatives, funding has been a major issue with involvement of World Bank and establishment of Green Climate Fund, raising funds for just solar technology initiatives would be challenging.
- Solar energy cost are still quite high compared to coal based electricity in various developing countries.
- ISA focuses only on solar, would face completion from other renewable sources which might have more potential in certain countries.
- Would also face challenges from shale oil and gas, methane hydrate exploration.
- Most of the new technology is with developed countries who do not want to share it with developing countries for without adequate financial incentives.
However, India can benefit immensely from ISA in terms of diplomacy, investments and job creation, so every effort should be made to make ISA a success