Small Island Developing States (SIDS)

Supporting Tuvalu Move Toward 100 Percent Renewable Energy

STORY

Increasing Investment and Access to Renewable Energy in Sao Tome and Principe

REPORT

Financial Mechanisms for Clean Energy in Small Island Developing States

The Challenge

Small island developing states (SIDS) are some of the most vulnerable areas in the world and increasingly threatened by climate change. SIDS are often highly dependent on imported fuel to meet their energy needs, including electricity generation. As a result, they experience high electricity costs, supply interruptions, and vulnerability to oil price shocks. Many SIDS are now looking to transition to a more sustainable energy path, where improved energy efficiency and renewable energy play a crucial role.

ESMAP’s Response

Support the implementation of renewable energy and energy efficiency policy reforms.
Promote renewable energy and energy efficiency projects that have potential to scale through climate finance and other sources.

This work is made possible by funding from the governments of Denmark (US$7 million) and Japan (US$15 million).

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RESULTS

Supported technical assistance activities in 34 SIDS across the Caribbean, Pacific, and Africa regions.
Provided more than US$22 million to support SIDS’ transition to low-emission, climate-resilient development and demonstrate a pathway to limiting temperature rise in a pro-poor manner.
Helped mobilize additional investments for a total of US$309 million in SIDS countries such as São Tomé and Príncipe, Dominica, Solomon Islands, Micronesia, Marshall Islands, Tuvalu, Comoros, and Maldives.