Q. Consider the following statements:
1.The Global Solar Stocktake Report is a report that is being compiled by the International Solar Alliance (ISA) to assess the progress that has been made in the adoption of solar energy around the world.
2.The objective of the Global Solar Facility is to establish connections between tropical countries and the rest of the world to tap into solar energy resources.
Select the correct statements using the codes given below:
Explanation –
Statement 1 is correct. The Global Solar Stocktake Report is a report that is being compiled by the International Solar Alliance (ISA) to assess the progress that has been made in the adoption of solar energy around the world.
Statement 2 is incorrect. The GSF is a financial mechanism that aims to mobilize $1 trillion in investments in solar energy by 2030, and it is open to all countries, regardless of their location.
The GSF is designed to make solar energy more affordable and accessible in developing countries. It does this by providing guarantees and insurance to investors in solar projects, and by investing in research and development of new solar technologies.
It will have three funds: 1) payment guarantee fund 2) Insurance fund to mitigate project risks and 3) Investment fund for technical assistance.
Source: ForumIAS
