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The Framework Agreement on International Solar Alliance (ISA) is a landmark agreement signed by 121 countries as of March 2021, with the goal of promoting solar energy as a means to reduce energy poverty and accelerate the transition to a low carbon economy.

The ISA was launched in November 2015 at the Paris Climate Conference by Prime Minister of India Narendra Modi and President of France François Hollande. The organization aims to mobilize over $1 trillion in investment to deploy over 1,000 GW of solar energy capacity by 2030, which will make a significant contribution to the goal of limiting global temperature rise to below 2°C above pre-industrial levels.

The Framework Agreement aims to provide a legal basis for the ISA, which is a treaty-based international organization headquartered in India. It sets out the objectives of the alliance, which include scaling up solar power, improving access to finance and technology, and creating a supportive environment for the deployment of solar energy. It also establishes the governance structure of the ISA, including the role of the Assembly, the Council, and the Secretariat.

The ISA is seen as an important initiative for several reasons. Firstly, it provides a platform for countries to work together to promote solar energy, which is a critical component of the transition to a low-carbon economy. Secondly, it seeks to address energy poverty, which affects over 1 billion people worldwide, by promoting access to clean, affordable, and reliable energy. Finally, it has the potential to create significant economic benefits, including job creation and investment opportunities in the solar energy sector.

The Framework Agreement has been ratified by several countries, including India and France, and is open for signature by all countries that are members of the United Nations. The ISA has also signed partnership agreements with several international organizations, such as the World Bank and the International Renewable Energy Agency (IRENA), which will help to mobilize financing and expertise for the deployment of solar energy.

In conclusion, the Framework Agreement on International Solar Alliance is a significant milestone in the global effort to accelerate the transition to a low-carbon economy and promote sustainable development. By promoting solar energy, the ISA has the potential to significantly reduce greenhouse gas emissions, improve access to energy, and create economic opportunities. As such, it represents a critical component of the global response to the climate crisis and a promising path towards a more sustainable future.