Greening the Islands Foundation

  Highlights

GTI at the Berlin Energy Transition Dialogue: Islands Strategic to Boost The Clean Energy Transition

GTI brings islands at BETD

Greening the Islands (GTI) Foundation took part in two sessions of the Berlin Energy Transition Dialogue (BETD), on 18 and 19 March 2024, following invitation from BSW, the German Photovoltaic Industry Association, and the international climate change think tank E3G.

 

Since inception in 2015, the BETD has become one of the world’s most important forums on the global energy transition, where key decision-makers engage in dialogue and bilateral meetings to share ideas and experiences, discuss and solve urgent challenges and forge energy partnerships in pursuit of an environmentally sound, secure and affordable global energy transition.

 

On March 18, Gianni Chianetta, Chair of the GTI Foundation, participated in a panel on the EU’s role in North Africa’s clean energy transition. As the population grows and per capita energy demand increases, North Africa faces an urgent need for new energy sources and the EU can provide expertise and funds.

 

Chianetta highlighted how islands can emerge as key players in this scenario and act as strategic crossroads for the decarbonization of the broader Mediterranean region. In this sense, “the GTI Observatory task force for the Mediterranean launched during the recent Circle The Med forum will seek to demonstrate that islands in the region are at the forefront of climate diplomacy and can boost the deployment of renewables in the area”, said Chianetta.

Play Video

Gianni Chianetta also joined a debate on the clean energy transition in Latin America and the Caribbean on March 19, bringing the islands’ point of view. Although the Caribbean region is leading in terms of renewable energy capacity in SIDS – with around 3 GW installed – this capacity is unevenly spread across the region despite considerable further potential.

 

A case of success is the Dominican Republic, where renewables represent 17% of the electricity mix: primarily wind, solar, biomass, and hydropower. The government is committed to getting a quarter of its electricity from renewables by 2025, and 30% in 2030. A 2007 law provides a 100% tariff exemption on imported green equipment and materials and tax relief for electricity produced from renewables.

 

But across the Caribbean, a key challenge remains the involvement of the governments in existing fossil fuel facilities, as most of the utilities are publicly owned, and these represent an important income. The involvement of the local utilities in the renewable energy sector is key to accelerate the transition.

 

Another significant issue is represented by long-term PPAs (power purchase agreements) with providers from the oil and gas sector. Such contracts should be renegotiated by leveraging on the impacts of climate change on islands.

 

Disseminating policy best practices to redirect the budget spent in the operation of fossil fuels facilities toward supporting the adoption of renewables can boost progress while reducing costs (e.g., the Italian Minor Islands Decree).

 

Numerous studies have been conducted in the Caribbean islands, but the major problem remains access to finance. “This is why with our 100% RES Islands Initiative we aim to build roadmaps to 100% RES and originate concrete projects, through the creation of pipelines of projects, that grouped in clusters can be more attractive both for public and private investments”, said Chianetta.

 

The core programs of the GTI Observatory – the GTIO Global Index and the 100% RES Islands Initiative – focus on bringing together island stakeholders to support their sustainable transition, advance policy recommendations, explore innovative circular solutions, and promote cooperation through the creation of collaborative networks and projects. The GTI Foundation is committed to supporting islands in developing sustainable solutions that can also be replicated on the mainland.

 

GTI Foundation

GTI Foundation

On Key

Related Posts