Cabinet to establish Renewable Energy Investment Office

Cabinet has decided to establish a Renewable Energy Investment Office to reduce the country’s reliance on imported oil.

The office will assist the government to draw up investment plans and proposals for foreign aid to facilitate investments and support in alternative energy projects in the Maldives, said the President’s Office.

Ministers noted that realising the carbon neutrality goal was necessary for the Maldives to enhance energy security and reduce relying on imported oil for energy, as well as to set an example for the rest of the world in leading the way in combating climate change.