Govt’s 5-year plan: Renewable energy systems for 33% of nation's electrical needs

President Dr. Mohamed Muizzu has declared his administration’s commitment to developing renewable energy systems capable of providing 33 percent of the nation's electrical needs within the next five years.

He made the declaration while delivering the Maldives’ National Statement at the High-Level Segment of the Twenty-Eighth Session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) held in Dubai, United Arab Emirates (UAE).

President Muizzu, underscoring existing renewable energy systems only account for four percent of nation’s electrical needs, said Maldives aspires to generate a minimum of 600 million dollars to achieve the future goal, calling for the world’s support in this endeavor.

He also announced his administration’s pledge to embark on a nationwide five million trees project, citing building resilience of our islands as a priority.

In his address, President Muizzu, describing every fragment of the Maldives’ environment to carry value, stressed their loss is a loss to the nation and its economy.

He then outlined Maldives’ expectations for COP28, emphasizing the importance of the Global Stocktake committing to a strategy that corrects the course towards a 1.5-degree trajectory in accordance with the Paris Agreement alongside the need to bridge the climate funding gap and emphasizing that it must be founded on equity and the best available science, the President also highlighted the need for improved accessibility and revised assessment criteria.