Need USD 1.3 billion to reach 33 percent renewable energy: Governor

Only 13 percent of the USD 1.3 billion needed for the government’s project to convert 33 percent of the Maldives’ energy needs to renewable sources has been secured so far, said Maldives Monetary Authority (MMA) Governor Ahmed Munawwar.

Speaking as Chair at the annual meeting of the World Bank and International Monetary Fund (IMF) held at Washington DC, Munawwar said that Maldives is amongst the most vulnerable countries to climate crisis. As such, Maldives is taking important steps towards renewable energy to overcome such issues, he said.