A Brighter Future for Maldives Powered by Renewables
A Brighter Future for Maldives Powered by Renewables

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2020-11-01

Total Pages: 143

ISBN-13: 9292625144

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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.

Maldives
Maldives

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2015-08-01

Total Pages: 293

ISBN-13: 9292570455

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The Maldives has propelled itself to middle-income status despite its geographic constraints and the risks it faces as a small island economy. The economy has been growing in the last 5 years, but development challenges remain formidable. How can the Maldives sustain and improve the pace of its economic growth and reduce poverty and inequality? This report identifies the critical constraints to inclusive growth and discusses policy options to overcome such constraints.