As early supporters of renewable energy technologies Small Island Developing States (SIDS) have played a pivotal role in demonstrating the role of renewables in achieving the Sustainable Development and Climate agendas. They know that overcoming reliance on fossil fuels will increase both their resiliency and economic viability.
To assist SIDS in achieving their renewable energy goals, the Republic of the Maldives as the current chair of the Alliance of Small Island States (AOSIS), has just announced the creation of an Initiative for Renewable Island Energy (IRIE). The announcement came during the high-level session for the Global Climate Action Agenda at COP22. Its purpose will be to support SIDS in their implementation of the renewable energy and energy efficiency components of their nationally determined contributions (NDCs) to implement the Paris Agreement. IRIE is setting an initial goal of mobilising at least $1 million in grant and concessionary financing by 2020 for concrete implementation on the ground. Continue reading Scaling up Renewable Energy on Small Island Developing States: The Initiative for Renewable Island Energy