Maldives National University (MNU) Business School organized and conducted a stakeholder consultation workshop for the “Assessment of Energy Efficiency Financing in the Maldives”, today at MNU Business School, seminar room. Representatives from government and non-governmental stakeholders participated at the workshop. The workshop was inaugurated by the Permanent Secretary of the Ministry of Environment and Energy Mr. Ajwad Musthafa.

The assessment is being conducted by MNU for the Ministry through the Strengthening Low Carbon Energy Island Strategies (LCEI) Project. This assessment is a first step to develop a sustainable financing mechanism for increasing investment in building related energy efficiency.

This activity is carried out with Support from the Ministry of Environment and Energy under the “Strengthening Low Carbon Energy Island Strategies” (LCEI) project.

The LCEI project is funded by the Global Environment Facility and implemented by the Ministry of Environment and Energy with support from UN Environment. The project aims to reduce greenhouse gas emissions through energy efficiency in the building sector. This will be achieved by developing appropriate policies, guidelines and standards and through public education and advocacy and by leveraging substantial investment in activities leading to increased energy efficiency; which will result in improved buildings and building management practices in the Maldives.