Plummeting investor confidence derails “transformative” plan to switch Maldives into a solar-powered nation, by using guarantees to reduce investor risk and lower the cost of capital.
President Dr Mohamed Waheed Hassan on Wednesday officially launched the Baa Atoll UNESCO Biosphere Reserve and Baa Atoll Conservation Fund at a special ceremony held in Eydhafushi.
Sustainable development in the Maldives is linked to the effective local, national and global management of the environment and natural resources, writes Norwegian Minister for International Development, Heikki Holmås.
The government will this month launch a number of environment-themed events to coincide with the Rio+20 sustainable development summit that is taking place in Brazil between June 20 and June 22.
An estimated 10 million people from around the world are expected to visit the three-month Expo held in South Korea’s coastal city of Yeosu.
According to a preliminary report on Climate Governance Integrity by Transparency Maldives, US$160.5 million dollars is being spent on various climate change projects through externally funded grants and loans – but governance is scattered and confused.
“80-90 percent of the problem can be sorted by eliminating standing water where mosquitoes breed,” explains the ‘Mosquito Lady’, Trudy Rilling-Collins, as she works to make Boda Huraa inhospitable to dengue carrying Aedes aegypti.
“Getting votes in smaller populations are easier. However, if the community grows larger, influencing or controlling the people will not be easy,” the Vice President contended.
Cabinet said the decision to increase resort development density from 20 percent to 30 percent would allow “opportunities for commercial expansion [that] were limited due to unavailability of land area to develop tourist facilities on leased-out spaces.”