Explain the purpose of the Green Grid Initiative launched at the World Leaders Summit of the COP26 UN Climate Change Conference in Glasgow in November, 2021. When was this idea first floated in the International Solar Alliance (ISA) ?
Explain the purpose of the Green Grid Initiative launched at the World Leaders Summit of the COP26 UN Climate Change Conference in Glasgow in November, 2021. When was this idea first floated in the International Solar Alliance (ISA) ?
Subject: Environment & Ecology
India's vision of "One Sun, One World, One Grid (OSOWOG)" took a significant leap forward with the launch of the Green Grids Initiative (GGI) at COP26 in Glasgow, demonstrating global commitment towards sustainable energy transition and climate action.
Purpose of Green Grid Initiative
1. Global Energy Integration
- Aims to create an interconnected global green energy grid by connecting regional power systems across continents.
- Focuses on enhancing cross-border renewable energy trade and improving energy access worldwide.
- Promotes the concept of "Sun Never Sets" by utilizing time zone differences for continuous solar power supply.
2. Climate Action and Energy Access
- Targets achievement of Paris Agreement goals through accelerated transition to clean energy.
- Works towards ensuring universal access to affordable and reliable clean energy by 2030.
- Supports global efforts to achieve net-zero emissions through renewable energy integration.
3. Financial and Technical Framework
- Requires investment scaling up to $600 billion by 2030 and $1 trillion by 2040 for 1.5°C pathway.
- Facilitates knowledge exchange and technical cooperation among participating nations.
- Promotes blended finance mechanisms for risk mitigation in renewable energy projects.
Evolution from International Solar Alliance
1. Historical Context
- The concept was first introduced in the International Solar Alliance (ISA) as an interconnected solar grids initiative.
- Later evolved into a comprehensive framework under GGI-OSOWOG partnership between India, UK, and ISA.
2. Implementation Progress
- Demonstrated success through India-Nepal power exchange agreement.
- Established working groups focusing on:
- Grid interconnectors
- Climate finance mobilization
- Technical knowledge sharing
The Green Grids Initiative represents a transformative approach to global energy systems, building upon the foundation laid by the International Solar Alliance. Its success in initiatives like the India-Nepal power exchange showcases the potential for broader international cooperation in achieving SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).
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