Fiji NDC Investment Plan for the Energy Efficiency and Transport Sectors
Duration
2022-01-31 — 2022-01-31
Location
National
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The NDC Investment Plan and included project pipeline have the overall goal of providing essential information on greenhouse gas (GHG) mitigation opportunities in the transport (land, maritime, and domestic aviation) and energy efficiency sectors and the potential means for financing these opportunities.
Published the NDC Investment Plan that entails program pipelines for the transport (land, maritime, and aviation) and energy efficiency. The NDC Investment Plan provides options for low carbon development and possible financing solutions. Based on these options, the most promising investment opportunities will be further developed into a project pipeline of concept notes.
This Plan is a bridge between climate policy-makers and investors, and it will provide multilateral and bilateral partners and private sector stakeholders, a clear signal in the type of investments needed to support Fiji’s transition towards a climate resilient and low carbon economy consistent with the Paris Agreement’s 1.5-degree guardrail.
The 20 primary mitigation opportunities identified consist of 11 opportunities in the transport sector and 9 opportunities in the energy efficiency sector. In addition to this, there are also 11 secondary mitigation opportunities which have been identified in the NDC Investment Plan for Fiji.
The consolidated temporal financing pathway for all the primary mitigation opportunities presents a need for an estimated US$ 1.98 billion in total investments. If implemented, Fiji has the potential of abating 2.722 million tonnes of GHGs by 2030.
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Details
Email: ccicd@economy.gov.fj