A new toolkit launched on the margins of the UN Climate Change Conference COP26 on Wednesday aims to unlock clean energy investments for small island nations, many of whom rely heavily on imported fossil fuels for power generation.
Small island developing states (SIDS) made a collective commitment in 2019 to achieve 100 per cent renewable energy targets by 2030 and net zero emissions by 2050. However, they lack sufficient funding to achieve this transition, with private and public funders yet to step up investments in the clean energy sector.
The SIDS Clean Energy Toolkit, developed under a joint project by the Commonwealth Secretariat and Sustainable Energy For All (SEforAll), helps countries translate clean energy transition plans into investable business opportunities.
