The International Solar Alliance (ISA), a gathering of 116 member countries formed to accelerate the global adoption of solar technology, will for the first time compile and release a ‘global solar stock-take report.’ This is inspired by the first ever ‘Global Stocktake’ of the United Nations Conference of Parties, scheduled in Dubai later this year. Here countries are expected to give an account of the actions taken until now to transition their economies away from fossil fuel and lay out plans to course correct, if their commitments are insufficient to prevent runaway global warming. The Global Stocktake follows from the Paris Agreement signed in 2015 and is expected once in five years.
The ‘solar stocktake’ would be released sometime mid-November, said Ajay Mathur, Director General, ISA and would take stock of the progress made by countries. “In 2020, nearly $300 billion of investment in solar has taken place and around $380 billion in 2022. However, manufacturing is uneven with most of it concentrated in China. The stocktake will look at ways to broaden this,” said Mr. Mathur.
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