THE need for rural electrification is a major issue faced by Vanuatu, with around 75 per cent of the population living in rural areas without electrification. In that regard, the island is establishing a National Green Energy Fund (NGEF) that it hopes will not only assist in meeting the current Nationally Determined Contribution (NDC), but will contribute towards national development.
The fund is a joint initiative launched by the Global Green Growth Initiative (GGGI) and the Vanuatu Government, which is a National Financing Vehicle (NFV) aimed at accelerating financial flows to increase electricity access in off-grid areas. So the NGEF will be a tool to implement their National Energy Roadmap (NER) that has already been developed in conjunction with the World Bank and the GGGI.
The NER, which is the overarching document for the energy sector includes targets for the 100 per cent renewable energy, and is in line and supporting the NDCs. The GGGI’s Pacific regional representative, Katerina Syngellakis said the NGEF would focus on rural electrification, renewable energy an energy efficiency in furtherance of the country’s Nationally Determined Contributions (NDCs) under the Paris Agreement.
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