Maldives President Dr. Mohamed Muizzu has revealed the commitment of the incumbent government in developing renewable energy systems capable of providing 33% of electrical needs for the entire country within the next 5 years.
In his speech at the 28th Session of the United Nations Framework Convention on Climate Change (COP28), President Muizzu noted that the current electricity output via renewable means is at 4%, and added that the Maldives needs a minimum of USD 600 million (MVR 9.2 billion) to expand the output to the planned extent, and called for the world’s support in this endeavor.
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President Muizzu further outlined the Maldives’ expectations for COP28, and emphasized the importance of Global Stock take, committing to a strategy that corrects the course towards a 1.5-degree trajectory in accordance with the Paris Agreement.
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