November 19, Suva, Fiji – The Fijian Government has proven its commitment to reduce its greenhouse gas emissions by hosting a workshop that is helping turn national climate change plans into tangible climate action.
In line with its commitment to the Paris Agreement, Fiji has national targets to reduce its greenhouse gas emissions by 30 percent by 2030 and move towards net zero emissions by 2050 as articulated in its Nationally Determined Contribution (NDC) and the Low Emission Development Strategy 2018-2050 (LEDS).
To operationalize these targets through bankable investments, the Fijian Government is working with the Regional Pacific NDC Hub supported by the Global Green Growth Institute (GGGI) to develop robust investment plans and project pipelines for the transport (maritime, land and air transport) and energy efficiency sector. These sectors have the highest potential for quick emissions reductions that are financially viable for public and private sector investments.
Key stakeholders engage in discussion with Government representatives and consultants.
A technical mission team has been mobilized to help create the investment plans and project pipelines. The mission team began its work by undertaking a week-long inception meeting that was kickstarted by a national stakeholder workshop attended by key national agencies. The workshop built on the priority actions already identified in Fiji’s NDC Implementation Roadmap launched in 2017 and sought to identify pertinent market developments, challenges and opportunities to operationalize Fiji’s national emissions reduction ambitions.
Mr. Vincent Guinaudeau of GGGI presents on operationalizing Fiji’s NDC Implementation Roadmap 2017.
“As the cost of renewables are less than ever before and as the world is waking up to the urgent need for renewables, investing in a greener future not only makes tremendous business sense but also creates opportunities to access new sources of finance and technology that would give any public investment, business, entrepreneur or investor an edge above the rest”, said Mr. Nilesh Prakash, Head of the Climate Change and International Cooperation Division of the Fiji Ministry of Economy.
Mr. Prakash also noted that while climate adaptation is a national priority for SIDS, “proactively investing in climate change mitigation solutions will allow most SIDS to move away from heavy dependence on expensive fossil fuel imports that continue to limit fiscal spending on productive socio-economic development”.
Mr. Nilesh Prakash delivers his opening remarks on Fiji’s NDC Implementation priorities.
Investments in climate action have predominantly been financed by the Fijian Government. However, the growing demand for increased climate action must be matched with increased investments from unprecedented sources of finance that includes the private sector, bilateral and multilateral development partners and international financial institutions. Developing investment plans and project pipelines will help translate technical climate projects into financially sound investments that can be marketed widely by the Fijian Government amongst these stakeholders.
A participant presents the outcomes of the breakout session.
Once the draft investment plans and project pipelines will be developed by early 2020, they will undergo robust validation through broader stakeholder consultation with public sector institutions, civil society organizations, and private sector companies in the transport and energy efficiency sectors.
Nationally Determined Contributions (NDCs) are national climate change mitigation plans which highlight country’s climate actions through climate related targets, policies and projects. As a signatory to the Paris Agreement, countries are required to prepare, communicate and maintain successive NDCs in contribution to global climate action.
The Regional Pacific NDC Hub is implemented through a partnership between GIZ, GGGI, SPC and SPREP in contribution to NDC Partnership, with financial support from Germany, United Kingdom, New Zealand and Australian Governments.