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About the SIDS Sustainable Energy and Climate Resilient Initiative – SIDS DOCK
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:
A mechanism to help SIDS develop low carbon economies that generate the financial resources to invest in climate change adaptation
Assist SIDS transition to a sustainable energy sector, by increasing energy efficiency and conservation, and development of renewable energy;
Providing a vehicle for mobilizing financial and technical resources to catalyse clean economic growth;
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.
Belmopan, Belize September 27, 2013― The IPCC Working Group I assessment report, Climate Change 2013: the Physical Science Basis, confirms the Caribbean Community’s longstanding call to limit global temperature rise to 1.50C. At the UNFCCC Conference of the Parties (CoP) Meeting in 2009, which took place in Copenhagen, Denmark, the Caribbean Community indicated to the world community that a global temperature rise above 1.50C would seriously affect the survival of the community.
In 2010 at the UNFCCC CoP Meeting in Cancun, governments agreed that emissions need to be kept at a level that would ensure global temperature increases would be limited to below 20C. At that time, the Alliance of Small Island States (AOSIS) re-iterated that any rise in temperature above 1.50C would seriously affect their survival and compromise their development agenda.
The latest Inter-Governmental Panel on Climate Change (IPCC) Assessment Report AR5 re-affirms the position reached in its AR4 Report. The position reached at that time was that it is very likely that the temperature rise will be in excess of 20C with a possible rise as high as 30C.
The United Nations (UN) Human Development Report (2008) and the State of the World Report (2009) of The Worldwatch Institute have identified 20C as the threshold above which irreversible and dangerous climate change will become unavoidable.
The latest IPCC Assessment Report should serve as a further wakeup call to our region that we cannot continue on a business as usual trajectory. It is an imperative that climate change be integrated in every aspect of the region’s development agenda, as well as its short, medium and long-term planning. The region must also continue to aggressively engage its partners at the bilateral and multilateral levels to reduce their emissions. The best form of adaptation is reduction in emissions level.
The United Nations Environment Programme (UNEP) says South Africa has become the 12th country, and the first in 2013, to ratify the Nagoya Protocol on Access to Genetic Resources and the Fair and Equitable Sharing of Benefits Arising from their Utilization to the Convention on Biological Diversity.
Within the framework of the Convention on Biological Diversity, the Nagoya Protocol promotes and safeguards the fair and equitable sharing of benefits arising from the utilization of genetic resources by providing greater legal certainty and transparency for both providers and users of genetic resources. On significant innovation of the Nagoya Protocol is the specific obligations to support compliance with domestic legislation or regulatory requirements of the Party providing genetic resources and contractual obligations reflected in mutually agreed terms.
Ethiopia, Fiji, Gabon, India, Jordan, Lao People’s Democratic Republic, Mauritius, Mexico, Panama, Rwanda and the Seychelles are the only other countries that have ratified the ground-breaking treaty. See UNEP’s full press release here.