Access to finance key for solar in small island nations
- Admin
- May 29, 2024
- 1 min read
The Antigua and Barbuda Agenda for Small Island Developing States (ABAS) emphasizes the need for affordable, reliable, sustainable, and modern energy, particularly renewable energy. Gaston Browne, prime minister of Antigua, highlighted the challenges faced by SIDS in accessing finance, cost of capital, and upskilling workforces for energy transitions. Antonio Guterres of the United Nations stressed the importance of fair financing for developing countries. Paul Chet Greene raised concerns about the high interest rates faced by developing economies. The discussion also focused on the role of solar and renewable energy in financing SIDS, with efforts by Greening the Islands foundation to promote 100% renewable energy across small islands.
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