Mr. R.K. Singh, Union Power and New & Renewable Energy Minister, shared an ambitious vision, asserting that renewable energy sources could potentially supply up to 90% of the world’s electricity by 2050 and as much as 65% by 2030. Speaking at the inauguration of the Sixth Assembly of the International Solar Alliance (ISA), he pointed out that approximately 80% of the global population, roughly 6 billion people, reside in nations that rely on fossil fuel imports.
Mr. R.K. Singh emphasized that the recent G20 Summit in New Delhi underscored the critical necessity for a transition to clean energy. He extended an invitation to ISA member countries, partner organizations, and other entities to collaborate with ISA to position it as a driving force for transformative change.
The minister highlighted that when the ISA was established, its primary objective was to leverage solar energy solutions to create a sustainable world. The organization aims to triple global renewable energy production by 2030, aligning with national policies and targets. This ambitious goal encompasses a broader focus on low- and zero-emission technologies, increased blended finance, and risk-sharing facilities for the renewable energy sector.
Ms. Chrysoula Zacharopoulou, Co-President of the Assembly and France’s Minister of State for Development, Francophonie, and International Partnerships, praised the International Solar Alliance as a pivotal initiative in the fight against climate change. She commended the ISA for its effective and results-oriented approach in implementing global programs that significantly impact the solar energy landscape.
Mr. Ajay Mathur, Director General of ISA, noted the commendable 12% annual growth rate in clean energy investment since 2020, driven predominantly by solar and wind power projects.
The inaugural ceremony of the Sixth ISA Assembly attracted delegates from 116 Member and Signatory countries, 18 prospective members, and ministers from 20 different countries, signifying broad international engagement in the realm of renewable energy and sustainability.
