World Bank signs agreement with International Solar Alliance, led by India, to increase solar energy use globally

The International Solar Alliance (ISA), led by India and consisting of 121 countries, signed an agreement to collaborate with the World Bank. The agreement aims to mobilize $1 trillion in investments by 2030 to increase the use of solar energy around the world. The World Bank also announced that it planned to provide more than $1 billion to India’s ambitious solar energy use initiatives.

The ISA was established at the UN Climate Change Conference in Paris on November 30 by Indian Prime Minister Narendra Modi and French President Francoise Hollande. The ISA is conceived as a coalition of solar resource rich countries