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Watch the historic launch of SIDS-DOCK

Tune in today at 11am for the official launch of SIDS-DOCK, the first global intergovernmental organisation of Small Island Developing States (SIDS).  Today’s historic ceremony will be held at the United Nations Headquarters in New York in Conference Room 4 (North Lawn Building). Watch the Webcast Live on UN TV or via the SIDS-DOCK site.

Have you read the The SIDS-DOCK Digest? Here’s an excerpt.

SIDS DOCK Institutional Mechanism
  • SIDS DOCK is a SIDS–SIDS institutional mechanism established in 2009 to facilitate the development of a sustainable energy economy within the small island developing states. SIDS DOCK serves as a “docking station” to increase SIDS access to international financing, technical expertise and technology, as well as a link to the multi-billion dollar European and US carbon markets.
SIDS DOCK Goals
  • The goals of SIDS DOCK are to mobilize in excess of USD 10-20 Billion, by 2033, to help finance the transformation of the SIDS Energy Sector to achieve a 25 percent (2005 baseline) increase in energy efficiency, generation of a minimum of 50 percent of electric power from renewable sources, and a 25 percent decrease in conventional transportation fuel use, in order to enable climate change adaptation in SIDS.
SIDS DOCK Mission
  • SIDS DOCK Mission is to catalyze the transformation of the energy sector of SIDS to increase energy security, reduce greenhouse gas emissions (GHG), and generate resources for investment in adaptation to climate. Some SIDS governments have announced more ambitious goals for the reduction of fossil fuel use in order to reduce greenhouse gas (GHG) emissions. By providing SIDS with a dedicated and flexible mechanism to pursue sustainable energy, SIDS DOCK will make it easier for SIDS Development Partners to invest across multiple island States, and to more frequently reach investment scale that can be of interest to commercial global financing.
SIDS DOCK Functions
  • SIDS DOCK has four principal functions:
  1. A mechanism to help SIDS develop low carbon economies that generate the financial resources to invest in climate change adaptation
  2. Assist SIDS transition to a sustainable energy sector, by increasing energy efficiency and conservation, and development of renewable energy;
  3. Providing a vehicle for mobilizing financial and technical resources to catalyse clean economic growth;
  4. Provide SIDS with a mechanism for connecting with the global carbon market (“DOCKing”) and taking advantage of the resource transfer possibilities that will be afforded.
SIDS DOCK Funding
  • In December 2010, in Cancun, Mexico, SIDS DOCK received a one-year grant of USD14.5 million in start-up contributions from the Government of Denmark, followed a grant of USD 15 million over two years (2012-2014) from the Government of Japan in December 2011, in Durban, South Africa.

	

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