Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis
Abstract
:1. Introduction
2. Country Overview
2.1. Fiji’s Energy Sector
2.2. Financing Fiji’s NDC: The Road to 2030
3. Method
3.1. Applying the Method
3.1.1. Step 1: Identifying the Barriers to RE Investment
3.1.2. Step 2: Ranking Barriers by Significance and Uncertainty
3.1.3. Step 3: Plotting the Barriers by Significance and Uncertainty
3.1.4. Step 4: Creating New Emerging Axes
3.1.5. Step 5: Developing the Scenarios
3.2. Scenario Validation
4. Results
4.1. Step by Step Outcomes of the Five-Step Approach
4.1.1. Plotting the Barriers by Significance and Uncertainty
4.1.2. New Emerging Axes
4.1.3. Developing the Scenarios
4.2. Narrative of the Future Investment Scenarios
5. Discussion
5.1. Current Approach towards Private Sector Investment in Fiji’s Energy Sector
5.2. The Resource Mobilization Framework—A Proposition from the Scenario Analysis
6. Conclusions
Author Contributions
Funding
Acknowledgments
Conflicts of Interest
References
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Investment Opportunity | Incentives |
---|---|
1. IPP Tariff Rate * * applies to all RE investments | • 33.08 cents VEP (VAT exclusive price) |
2. Bio-Fuel | • 10-year tax holiday for new activity but minimum level • Duty free importation of assets required to establish the factory • Duty free on chemicals for bio-fuel production * To qualify, investors total investment must be >1 million FJD and must employ >20 people |
3. Renewable Energy Production and Power Co-Generation | • Five years of tax holidays for new activity |
4. Energy Efficient Equipment | • Five years of tax incentives (only VAT paid) for imported equipment |
5. RE Equipment | • Five years of tax incentives (only VAT paid) for imported equipment |
6. Foreign Investment | • No minimum investment needed for investment in energy sector |
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Samuwai, J.; Hills, J.M.; Michalena, E. Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis. Sustainability 2019, 11, 4161. https://doi.org/10.3390/su11154161
Samuwai J, Hills JM, Michalena E. Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis. Sustainability. 2019; 11(15):4161. https://doi.org/10.3390/su11154161
Chicago/Turabian StyleSamuwai, Jale, Jeremy Maxwell Hills, and Evanthie Michalena. 2019. "Thinking Outside the Box: Deepening Private Sector Investments in Fiji’s Nationally Determined Contributions through Scenario Analysis" Sustainability 11, no. 15: 4161. https://doi.org/10.3390/su11154161