With reference to International Solar Alliance’, which of the following statements is/are correct?

1. It is the first treaty based Inter-governmental organisation headquartered in India with 38 member countries.
2. World Solar Bank and One Sun One World One Grid Initiative were initiated under it.

Select the correct answer using the code given below:
Code:

Explanation

Statement 1 – Incorrect
The International Solar Alliance (ISA) is indeed the first treaty-based intergovernmental organization headquartered in India (at Gurugram, Haryana). However, the number of member countries is more than 110 signatories, with over 90 countries having ratified the ISA Framework Agreement — not 38. Hence, this statement is partially incorrect due to the wrong number.

Statement 2 – Correct
The World Solar Bank and the One Sun, One World, One Grid (OSOWOG) initiative were initiated under the ISA. The OSOWOG aims to connect solar energy grids across nations, while the World Solar Bank is proposed to finance solar projects globally.