How much will it cost to transform the SIDS Energy Sector?

Improving the SIDS power sector from one that is inefficient and dependent on petroleum fuel for the provision of more than 90 percent of primary energy in SIDS, to that is efficient – 25 percent more than 2005, and 50 percent share of power generation provided by low carbon sources (ocean, geothermal, solar, wind, and biofuels) by 2035 – is estimated to cost tens of billions of USD. Power generation in SIDS consume in excess 50 million barrels of petroleum fuels, annually. The transportation services of all kinds consume in excess of 100 million barrels of fuels, annually. Reducing this by 25 percent in the 2035 time period will require new technologies and infrastructure and cost would also be in the hundreds of billions of dollars.