PROSTATE AWARENESS CAMPAIGN Prostate Cancer Aw 2016 BALLS & BEARDS Permit No. DOS85/16 Buy a ticket and be in the draw to win a KEG of beer. The draw will be at the Balls & Beards Prostate Cancer Awareness Charity Auction. You must be Declare War on Prostate Cancer

Association of Development Financing Institutions in the Pacific “Climate Change Finance – opportunities for ADFIP" Radisson Blue Hotel, Nadi Nov 22, 2016

IUCN Pacific SIDS Energy, Ecosystems and Sustainable Livelihoods Initiatives – a just world that values and conserves nature Overall Goal :“reducing the impacts of climate change through sustainable energy initiatives in Pacific Small Islands Developing States (SIDS)” Donor Partners

Energy, Ecosystems and Sustainable Livelihoods Initiative Vision EESLI will accelerate the transition to energy systems that are ecologically sustainable, socially equitable economically efficient Mission: vision to be achieved by Projects (feasibility through to implementation) Building abilities – management tools, institutional strengthening Networking with islands, shared learning and technologies

Strategies Projects on the ground – go through all processes of project development Building capacity & developing knowledge products Sharing lessons learnt & experiences with PICs

Participating Countries Phase 1 - 6 countries (2008 – 2013) Marshall Islands Palau Samoa Tonga Tuvalu Vanuatu Phase II –10 countries (2014 – 2018) Six from Phase 1 plus Federated States of Micronesia Fiji Kiribati Papua New Guinea

Types of Energy Projects Individual solar PV systems Grid connected solar PV systems Hybrid systems – solarPV/diesel Small hydro Institutional biogas plant Resource assessment – wind, tide Biofuel research Policies/Energy Roadmaps – RE, EE, NAMA framework Financing schemes

Some Simple Calculation - Palau 100 homes Average hh consumption per month = 500 kwh Total consumption per month (100 homes) = 50,000 kwh Total Annual consumption = 600,000 kwh EE target 15% reduction Annual saving = 90,000 kwh Diesel fuel displaced = 8108 litres CO2 saved per year = 20 tons

Streetlights Retrofitting - RMI © Stuart Chape High efficiency – higher lighting levels for less electrical energy High power factor near unity – fewer distribution losses Longer lasting / high quality materials and construction

Community PV Powered Water Pumping - Tonga Diesel Saving With average 5 litres per day for diesel pumps on Tongatapu 20,075 litres of diesel will be saved every year from the 11 boreholes. $46,495 Paanga per year saved at 2016 prices GHG Emissions This is equivalent to a CO2 emission savings of about 57 t CO2e per annum (using the diesel combustion conversion factor of 2.859kg/l).

Countries Implementing Financing Projects National Development Bank of Palau FSM Development Bank - Tonga Development Bank Development Bank of Tuvalu Niue – Kiwi Bank Nauru - ????? Efficient Appliances

Potential Countries Republic of the Marshall Is Cook Is Samoa

Opportunities for ADFIP Diversification of Financing Schemes Streetlight Retrofitting – municipalities Power supply for Tourism outlets – Eco- tourism - agriculture processing - cooling storage for fishing communities Sustainable transport -

The Energy Sector We Need… Secure, Clean and Efficient

The Future We Want => The Energy Sector we NEED… What is a secure, clean and efficient Pacific Energy sector? Low carbon Renewable Local resources A Green/Blue Economy? Efficient Equitable Inclusive Traditional knowledge vs science Lets define the journey towards a secure, clean and efficient energy sector

A new narrative Shift from an inefficient economy to an efficient economy Political buy-in Policy instruments Regulatory measures Pacific Island Region – global leader

An “Extraordinary” Emphasis… Fixing Policy and Regulatory Regime: Energy efficiency Strengthening Market Mechanism: Incentives Policy Higher aspirations: - Climate change - Global warming - rising sea level - economic growth

Extraordinary actions… New conversation – all sectors / key players in making an energy efficient economy happen FAESP National Policy Donor policy Private sector Is energy efficiency & Renewable Energy AS IMPORTANT AS Oil and Gas?

More thoughts Government as Catalyst Targeted capacity… Leadership – fixing our-self first Targeted capacity… Appropriate policy / legislation Instruments / mechanisms / platforms Integrated approaches to investments

New approaches Start small – - National focus – priority - Regional approach Learn from others – sharing of information Expand to others sectors – SME, Tourism, Manufacturing, etc.

Looking forward…beyond high level funding mechanisms.. Sovereign Fund Development Fund IRENA EIB ADB Climate Fund Private Investment Fund Grace period – 5 – 10 years 3%

Leveraging Financing Schemes for Sustainable Development Urban Rural Improve access to services Communities engaged in management of environment and natural resources Community governance systems reinforced to involve gender and strengthen existing systems EE options bring down costs Improve access to better quality products Tariffs and savings contribute to Rural Environment and Community Development Fund

9 Things We Must DO Leadership on board Appropriate policy & regulations Reform the energy & financial sectors Long term funding mechanisms Sustainable development pathway –low carbon Enforce accountability on national & regional commitments Education/capacity building Start small – doable Partnerships approach

Thank You