MALDIVES: National Strategic Framework to Mobilize International Climate Finance to Address Climate Change in the Maldives 2020 – 2024

Meta Data
Draft: 
No
Revision of previous policy?: 
No
Effective Start Year: 
2020
Effective End Year: 
2024
Scope: 
National
Document Type: 
Overarching Policy
Economic Sector: 
Energy, Power, Multi-Sector, Other
Energy Types: 
Power, Renewable, Solar, Other
Issued by: 
Ministry of Environment
Source: 
Ministry of Environment
File: 
National Strategic Framework to Mobilize International Climate Finance to Address Climate Change in the Maldives 2020 – 2024
Overall Summary: 
The National Strategic Framework to Mobilize International Climate Finance to Address Climate Change in the Maldives 2020 – 2024
Efficiency
EE building standards: 
Mitigation measures undertaken/planned in Maldives include: [...] Promoting energy efficient practices and technologies at public buildings and incorporation of EE measures to the building code.
Renewable Energy
RE targets: 
Mitigation measures undertaken/planned in Maldives include: A policy dicision to meet 30% of peak day-time demand by solar photovoltaic (PV) for inhabited islands by 2018.
RE action plans: 
Mitigation measures undertaken/planned in Maldives include: [...] Accelerating Sustainable Private Investments in Renewable Energy programme was initiated in 2014 to reduce risks for private sector investment in renewable energy. Preparing Outer islands for SUstainable Energy Development was initiated to transform the existing energy grids in the Maldives into a hybrid solar-diesel renewble energy system. Removal of import duty from all renewable energy equipment. Introducing RE investments conducive regulations like feed-in tariff, net metering and IPP. Piloting financing mechanism through the commercial banks to gacilitate RE.
RE feed-in tariffs: 
Mitigation measures undertaken/planned in Maldives include: [...] Introducing RE investments conducive regulations like feed-in tariff, net metering and IPP.
Net metering: 
Mitigation measures undertaken/planned in Maldives include: [...] Introducing RE investments conducive regulations like feed-in tariff, net metering and IPP.
RE reductions in taxes: 
Mitigation measures undertaken/planned in Maldives include: [...] Removal of import duty from all renewable energy equipment.
Environment
Pollution control action plans: 
Mitigation measures undertaken/planned in Maldives include: [...] Regulations to improve standards of vehicles on street using emission standards as well as age restrictions on vehicles.
Investment
Independent power producers: 
Mitigation measures undertaken/planned in Maldives include: [...] Introducing RE investments conducive regulations like feed-in tariff, net metering and IPP.