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Green Climate Fund Projects

Gender assessment for FP036: Pacific Islands Renewable Energy Investment Program

Gender action plan for FP036: Pacific Islands Renewable Energy Investment Program

Pacific Islands renewable energy investment programme

Interim evaluation report for FP036: Pacific Islands Renewable Energy Investment Program

Project Approved

Project Completed

Under Implementation

Helping free SIDS from their diesel dependence.

This programme covers seven Small Island Developing States (SIDS) which are some of the some of the world’s smallest, most isolated economies. They are the Cook Islands, Tonga, Republic of Marshall Islands, Federated States of Micronesia, Papua New Guinea, Nauru and Samoa. Power generation costs in these countries is among the highest because of their reliance on imported diesel, along with the high transportation costs from distributing the diesel to often highly dispersed populations.

All SIDS targeted in this programme recognize the benefits of shifting from diesel to renewable energy. This will lead to not only reduced greenhouse gas emissions but also enhanced energy security and improved balance of payments through reduced fossil fuel imports. But they also face various barriers in achieving this aim. This includes the high initial costs of installing renewable energy, the current lack of private sector investment and the pressing need for energy sector reforms.

This programme will initiate a number of paradigm-shifting moves across the seven SIDS. These include feasibility studies on how to expand renewable energy coverage, reform power utility management and encourage private sector engagement by identifying opportunities for independent power providers. Broad initiatives to move SIDS to renewable energy are being kicked off by an element within the programme to assist the Cook Islands install battery storage. This will help spur private sector investment to pave the way towards Cook Islands’ national target of 100 percent renewable energy by 2020.

The project has an estimated lifespan of 15 years.

Pacific Islands Renewable Energy Investment Program

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Financial actors and resources that are primarily directed towards climate change mitigation, adaptation and compensation.

Dedicated pool of financial resources for climate-related projects.

Aligning the skills of the workforce with the requirements of the just transition.

Either money or something of monetary value is transferred between two or more organisations, people or countries.

woman and genders outside of the gender binary

The activities of industries involved in the production, distribution, and sale of energy, including electricity, gas, and renewables.

Activities that involve planning, designing and building infrastructure, residential, and commercial structures.

This sector includes firms and individuals offering specialised expertise in fields such as law, accounting, consulting, science and engineering.

Gender action plan for FP036: Pacific Islands Renewable Energy Investment Program

Target

Impacted group

Just transition

Renewable energy

Economic sector

Finance