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SIDS-STEP: Transforming Island Economies with Renewable Energy

A global SIDS energy program to transition island economies from fossil fuel to RE-based electricity generation in the next 5 years. Facilitated by UNDP, SE4All, and RMI-CWR with a structured approach and key components. Opportunity for SIDS to engage and share knowledge for accelerated energy transition towards 50% RE generation by 2030.

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SIDS-STEP: Transforming Island Economies with Renewable Energy

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  1. Manuel L. Soriano, Senior Technical Advisor Energy, Infrastructure, Transport & Technology UNDP-Global Environment Finance Unit UNDP Bangkok Regional Hub, Bangkok, Thailand

  2. Opportunity Opportunity A global SIDS energy program – demonstrate a replicable model to transform island economies from primarily fossil fuel electricity generation to high levels of RE-based electricity production.

  3. SIDS STEP • Objective • Facilitate and enable increased levels of RE-based power generation in island economies. • Transition the electricity systems of SIDS in the Caribbean, and Atlantic, Indian and Pacific Oceans (from diesel-based to RE-based) in the next 5 years. • Proponents: • United Nations Development Programme (UNDP) • Sustainable Energy for All (SE4All) Secretariat • Rocky Mountain Institute-Carbon War Room (RMI-CWR)

  4. Approach • Three complementary components will guide the approach: • Integrated Resource/Energy Transition Planning • Renewable Energy Investment Development and Implementation • SIDS Energy Transition Community of Practice

  5. Approach • SIDS-STEP will engage this approach with 10-15 SIDS globally, • Engage all SIDS to facilitate knowledge sharing and lessons from implementation. • SIDS-STEP will coordinate closely with relevant regional partners to support participating and non-participating SIDS-STEP countries. • To Date – 5 SIDS have provided Letters of No Objection (LoNOs) • ATLANTIC: Guinea-Bissau • INDIAN: Comoros, [Seychelles and Mauritius] • CARIBBEAN: Bahamas, St Vincent & the Grenadines • PACIFIC: Vanuatu • Additional LoNOs: Belize, St Lucia, and Sao Tome & Principe, Maldives.

  6. Program Structure • Global framework program funded by the GCF, and a series of national-level renewable energy projects under its umbrella. • Individual country proposals – including national-level implementation mechanisms and descriptions of the investment-ready renewable energy projects – will be submitted on a rolling basis. • Addressing barriers to transitioning to RE-based power generation • Integrated Resource Planning • Policy and Regulatory Reform • Project De-risking • Standardizing Project Documents and Approaches • Access to Investment Capital • Capacity Building and Implementation Support

  7. Partner Roles UNDP GCF ACCREDITED ENTITY GCF PROPOSAL GUIDANCE AND SUPPORT LARGE NETWORK OF COUNTRY OFFICES/REGIONAL CENTERS FIDUCIARY OVERSIGHT (ACCOUNTING, REPORTING, AUDITING) NATIONAL IMPLEMENTATION EMBEDDING GCF ACTIVITIES IN COUNTRY’S CLIMATE CHANGE POLICY AGENDA SE4All MULTI-STAKEHOLDER PLATFORM SUPPORT MONITORING & EVALUATION OF PROJECTS METRICS AGAINST UN SUSTAINABLE DEVELOPMENT GOALS MINISTERIAL CONVENING POWER GLOBAL RE MANDATE ADVISORY BOARD CHAIRED BY WORLD BANK AND UN SECRETARY GENERAL ACCESS TO NUMEROUS PARTNERS THAT CAN SHAPE THE RE AGENDA RMI-CWR EXECUTION MANAGEMENT INVESTMENT PROJECT MANAGEMENT (DE-RISKING, PROCUREMENT, ETC) TECHNICAL SUPPORT FOR GCF PROPOSAL DEVELOPMENT TECHNICAL LEAD: RESOURCE PLANNING, LOAD FORECASTING, ETC. STAKEHOLDER ENGAGEMENT COMMUNITY OF PRACTICE MANAGER SOURCING RESPECTED, INDEPENDENT DEVELOPER THAT PARTNERS WITH UTILITIES, GOVERNMENT, OR FINANCIERS

  8. Opportunity Impact Accelerated energy transition of participating SIDS towards a collective RE penetration in electricity generation of 50% or greater by 2030.

  9. Thank You Manuel L. Soriano manuel.soriano@undp.org Tel: +66-2-3049100 Ext 2720

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