Maldives President Dr. Mohamed Muizzu has revealed the government’s commitment to developing renewable energy systems capable of providing 33% of the country’s electrical needs within the next 5 years.
While highlighting that the current figure stands at just 4%, Maldives aspires to generate a minimum of USD 600 million (MVR 9.2 billion) to achieve the future plan, which the President called for the world’s support.
The President made the remarks at the 28th Session of the United Nations Framework Convention on Climate Change (COP28) held in Dubai, United Arab Emirates (UAE), while delivering the Maldives’ National Statement.
He also outlined the Maldives’ expectations for COP28, and emphasized the importance of the Global stock take, committing to a strategy that corrects the course towards a 1.5-degree trajectory in accordance with the Paris Agreement.
President Muizzu also highlighted the need to bridge the climate funding gap and stressed that it should be founded on equity and best available science.
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