Financing Ocean Energy Through Public-Private Partnerships
Re-vitalizing SIDS Economies
The largest single common renewable energy resource for all SIDS is ocean energy in its various forms (thermal, wave, tidal, and current).
SIDS DOCK
in Numbers
2009
Year Established
$500M
Ocean Energy Pipeline
60M+
Blue Guardians
Mission: climate financing
Honourable Wavel Ramkalawan, President of the seventh session of the SIDS DOCK Assembly representing the AIS Region
“On the day of our election as President and Vice Presidents of the sixth session of the SIDS DOCK Assembly on 28th September 2021, Tonga, Belize and Seychelles, mandated as leaders of the SIDS DOCK Bureau, embarked on a campaign to decarbonise our islands with a focus on ocean energy, initially accompanied by Sao Tome and Principe, Grenada, and St. Vincent and the Grenadines. Together, we kept up the momentum, which culminated in a Call-to-Action on the margins of COP26 in Glasgow, in November 2021, and led to the establishment of the Global Ocean Energy Alliance (GLOEA) at the UN Ocean Conference in Lisbon, in June 2022.”
Honourable Siaosi ‘Ofakivahafolau Sovaleni (Hon. Huʻakavameiliku), Prime Minister of the Kingdom of Tonga and Vice President of the seventh session of the SIDS DOCK Assembly representing the Pacific Region
“SIDS are open and ready to do business as we have put in place the enabling environment, and our private sector partners have said this over and over. We do not lack private sector partners, who are flocking to our shores with technologies that are being made to our small to medium-scale. What we lack is the support from the financial institutions and development banks that were created to help us. But we need everyone on board, from the Green Climate Fund to the Asian, African and Caribbean Development Banks.”
Honourable John Briceno, Prime Minister of Belize, Vice President of the seventh session of the SIDS DOCK Assembly representing the Caribbean Region
“For our youths, the Global Ocean Energy Alliance (GLOEA) represents a promise of a better future, as business as usual has nothing productive to offer most of them, growing up in the era of global instability, sky high energy prices, and changing climate where seventy percent (70%) of the population lives in close proximity to the coast, and with infrastructure that is still underdeveloped, due to limited availability of resources. But what can the GLOEA do? It can build a foundation for our youth, who are destined to be the ultimate beneficiaries of the GLOEA, where they will be harnessing the largest clean energy resource on the planet – the Ocean – for a significantly brighter future, where ocean energy technologies are commercialized, in all its forms, developed and deployed in SIDS and other energy vulnerable coastal countries, and where ocean energy is a major baseload energy resource in the energy mix, increasing the population’s climate resilience.”
The Blue-Green Economy in SIDS
Ocean Power: The Future of Global Energy
SALUTING ANTIGUA & BARBUDA:
OUR SIDS4 CONFERENCE HOST & DEVOTED SIDS DOCK MEMBER STATE
On 30th September 2015, during the Ceremony of the Establishment of SIDS DOCK at UN Headquarters in New York, Hon. Gaston Browne, Prime Minister of Antigua and Barbuda, strode to the podium and announced that Antigua and Barbuda will be signing the Statute Establishing SIDS DOCK. On 17th June 2016, the country acceded to the Statute. Antigua and Barbuda has played a significant role in the governance of the SIDS DOCK Organisation. From 2020-2022, it was represented on the SIDS DOCK Executive Council.
Antigua & Barbuda is a State Party to the SIDS DOCK Treaty which entered into force, signaling the legal recognition of this historic intergovernmental sustainable energy and climate resilience organisation established by Heads of State and Government of the Alliance of Small Island States (AOSIS) in 2009, in order to help finance climate change adaptation through the transformation of their countries to low carbon economies.