The Maldives has no known fossil fuel reserves, but it possesses a wealth of renewable energy sources, including solar, wind, and ocean energy (tidal, wave, and ocean thermal), which has the potential to manufacture green hydrogen fuel. Since tourism is one of the Maldives’ key economic drivers, the coronavirus disease (COVID-19) epidemic has negatively impacted the country’s economy.
The swift transformation and diversification of the economy are key components of the nation’s revival. As the Maldives takes on the challenge of transition, renewable energy presents a potential alternative. The Road Map for the Energy Sector 2020–2030 has been created by SQ Consult for the Asian Development Bank (ADB) and the Government of the Maldives. This document acts as a roadmap for the Maldives’ energy transition from being maintained by expensive and wasteful fossil fuels to being supported by clean and effective renewable energy sources.
Although the Maldives do not have any known fossil fuel deposits, it does have a wealth of renewable energy sources, including solar, wind, and ocean (tidal, wave, and ocean thermal) energy, which has the potential to generate green hydrogen fuel. The Maldives’ economy has been negatively impacted by the coronavirus disease (COVID-19) epidemic and the tourist sector, which is one of the country’s primary economic drivers. The swift change and diversification of the economy of the nation are key components to its recovery. The research conducted to create this Road Map has also influenced the newly approved ADB’s 5-year country partnership plan (CPS) for the Maldives, which covers 2020–2024. The Maldives will be helped by the new ADB partnership strategy to embark on a more resilient, sustainable, and inclusive path for development and to recover faster from the coronavirus disease (COVID-19) epidemic.
