International Energy Agency Current Affairs - 2019

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Bolivia Joins International Solar Alliance

During the state visit of the President Ram Nath Kovind to Bolivia, Bolivia has signed the framework agreement to join the International Solar Alliance.

International Solar Alliance

International Solar Alliance (ISA) aims to provide a common platform to address the specific solar technology deployment needs of the solar resource-rich countries located between the Tropic of Cancer and the Tropic of Capricorn.

Availability of abundance of solar energy in these countries can be utilised to generate cost-effective solar power to address the challenges of the lack of universal energy access, energy equity and affordability.

International Solar Alliance will not duplicate the efforts that other bodies like International Renewable Energy Agency (IRENA), Renewable Energy and Energy Efficiency Partnership (REEEP), International Energy Agency (IEA), Renewable Energy Policy Network for the 21st Century (REN21), United Nations bodies, bilateral organizations etc. rather it will establish networks and develop synergies with them and supplement their efforts in a sustainable and focused manner.

ISA has launched three major programmes: Scaling Solar Applications for Agriculture Use, Affordable Finance at Scale, and Scaling Solar Mini-grids to help in achieving the overall goal of increasing solar energy deployment in the ISA member countries for achieving universal energy access and speeding up economic development. Further ISA is planning to launch two more programmes: Scaling Solar Rooftops and Scaling Solar E-mobility and Storage.

International Solar Alliance is the first body that will have a secretariat in India. India plays a significant role in the alliance in terms of being a host as well as a major contributor for achieving the target of 1 TW of solar energy by 2030 which would require $1 trillion to achieve with a target to produce 100 GW of solar energy by 2022, would account for a tenth of ISA’s goal.

IEA Report on Co2 Emissions

The International Energy Agency (IEA) report on Carbon dioxide emissions makes the following observations:

  • India emitted 2,299 million tonnes of carbon dioxide in 2018. India’s emissions carbon dioxide witnessed an increase of 4.8% rise from last year.
  • The rate of growth of carbon dioxide emission in India was higher than that of the United States and China which are the two biggest emitters in the world. This increase in the emission of carbon dioxide was attributed to coal consumption.
  • China, the United States, and India accounted for nearly 70% of the rise in energy demand.
  • India’s per capita emissions were about 40% of the global average and contributed 7% to the global carbon dioxide burden whereas the largest emitter the United States was responsible for 14%.
  • Under the INDC India has pledged to reduce the emissions intensity of its economy by 2030. But India’s energy intensity improvement declined 3% from last year even as its renewable energy installations increased 10.6% from last year.

As per estimates, India requires at least $2.5 trillion (Rs 150 trillion approx.) to implement its climate pledge which is around 71% of the combined required spending for all developing countries pledges.