At a special event on renewable energy, President Dr. Mohamed Muizzu unveiled the Maldives’ ambitious plans to harness ocean current energy and explore other novel renewable energy sources. Speaking at the Maldives’ side event during the ongoing discussions, he extended an invitation to global investors, emphasizing that renewable energy investments in the Maldives represent a profitable opportunity.
President Muizzu highlighted the nation’s progress in renewable energy, noting that its capacity has increased from 53 to 68 megawatts since COP28. He laid out plans to reach net-zero emissions by 2030, with a particular focus on expanding solar and wind energy installations, while gradually reducing the nation’s dependence on fossil fuels.
Among the key projects the President mentioned were the operational waste-to-energy system in Addu City, a 13-megawatt system in development at Thilafushi, and efforts to promote low-carbon transportation through renewable energy solutions.
During his speech, President Muizzu emphasized the importance of affordable climate finance, calling for the New Collective Quantified Goal to streamline access and ensure rapid disbursement of funds aimed at mitigation, adaptation, and loss and damage, in alignment with the global 1.5°C target.
President Muizzu concluded by underlining the broader benefits of the renewable energy transition, noting that it not only enhances climate resilience but also strengthens national economies and fosters more resilient communities. He expressed hope that the Maldives’ ongoing efforts would inspire other nations to accelerate their own renewable energy initiatives.
