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With reference to 'International Solar Alliance', which of the following statements is/are correct ?
1. It is the first treaty based Inter-governmental organisation headquartered in India with 38 member countries.
2. World Solar Bank and One Sun One World One Grid Initiative were initiated under it.
Select the correct answer using the code given below :
Code :
Explanation
Statement 1 is incorrect. While the International Solar Alliance (ISA) is the first treaty-based intergovernmental organization headquartered in India (Gurugram), the number of member countries is much higher than 38. As of 2024, 119 countries have signed the Framework Agreement, and 98 have ratified it to become full members.
Statement 2 is correct. The One Sun One World One Grid (OSOWOG) initiative was launched by India and the UK at COP26 (2021) in partnership with the ISA. Furthermore, the ISA has initiated the concept of a World Solar Bank to mobilize approximately $1 trillion in investments for solar energy projects globally by 2030, aiming to provide affordable financing to member countries.
SIMILAR QUESTIONS
Consider the following statements : 1. The International Solar Alliance was launched at the United Nations Climate Change Conference in 2015. 2. The Alliance includes all the member countries of the United Nations. Which of the statements given above is/are correct?
With reference to 'Global Climate Change Alliance', which of the following statements is/are correct? 1. It is an initiative of the European Union. 2. It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets. 3. It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD). Select the correct answer using the code given below :
With reference to "India - Australia Economic Co-operation and Trade Agreement (Ind - Aus ECTA)," which of the following statements is/are correct ?
1. This is a first-of-its-kind initiative of FTAs.
2. The meeting was attended by the Commerce Secretary of India, Shri Sunil Barthwal.
Select the correct answer using the codes given below :