A Brighter Future for Maldives Powered by Renewables

Download or read book A Brighter Future for Maldives Powered by Renewables written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-11-01 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maldives has no proven fossil fuel reserves, but it has abundant renewable energy sources such as solar, wind, and ocean (tidal, wave, and ocean thermal), and has the potential to produce green hydrogen fuel using renewable energy. The coronavirus pandemic has impaired Maldives’ economy, severely affecting its tourism industry, which is one the country’s main economic drivers. The country’s recovery will largely depend on the rapid transformation and diversification of its economic activities. Renewable energy offers a promising alternative to fossil fuels as the country embarks on a transformation challenge. This Road Map serves as a guide for Maldives’ energy transition—from being powered by costly and polluting fossil fuels to being powered by affordable and efficient renewable and cleaner energy sources.