With US$14.5 million in funding from Denmark's parliament, SIDS DOCK will operate as a "docking station," connecting small islands with US and EU technologies, capital and carbon markets. SIDS DOCK is expected to be operational by September 2011.
According to Vince Henderson, Dominica's Ambassador to the UN, and Chair of the SIDS DOCK Steering Committee, the majority of small islands currently rely on fossil fuel imports and face growing debt as a result. In order to "radically transform" their economies, SIDS DOCK was developed jointly by AOSIS, the Caribbean Community Climate Change Centre (CCCCC) and the Secretariat of the Pacific Regional Environment Programme (SPREP). SIDS DOCK will be led by an Executive Director and overseen by a Board of Directors, including AOSIS members, development partner organizations and technical experts. The organization also will partner with the World Bank and UN Development Programme (UNDP).
National Coordinators of SIDS DOCK will be responsible for coordinating the development of national, regional and inter-regional priorities in renewable energy, energy efficiency and conservation projects, and for ensuring successful project coordination and outcomes. The first meeting of the SIDS DOCK National Coordinators, held from 27-28 July 2011, served as the launch.
According to AOSIS, SIDS DOCK aims to facilitate the development of a sustainable energy sector in small islands, providing the foundation for low carbon economic growth and adaptation to climate change, with the result of assisting small islands to generate at least 50 percent of their electric power from renewable sources, decrease petroleum use by 20 to 30 percent, and increase energy efficiency by 25 percent (using a 2005 baseline) by 2033.
Location: Cayman Islands