Reduction
Unconditional
level
estimated to reach up to more than 500 million USD. The investments
can be made jointly by the Government of Suriname and development
partners.
Forests:
In accordance with the 2015 NDC unconditional contribution, Suriname
intends to increase efforts at sustainable forest and ecosystem
management and stabilizing and minimizing deforestation and forest
degradation unconditionally. Opportunities for emission reductions
through Sustainable Forest Management practices of up to 40% exist.
In accordance with the 2015 NDC unconditional contribution, Suriname
has established 14% of its total land area under a national protection
system and will continue to pursue the expansion of this system by
increasing the percentage of forests and wetlands under protection to
at least 17% of the terrestrial area by 2030, in line the UN CBD Aichi
target.
Electricity:
Suriname's commitment to reduce emissions through the use of
renewable energy was reflected in the 2015 conditional contribution to
ensure the share of renewable energy stays above 25 % by 2025. This
NDC extends and deepens the target with an unconditional contribution
to maintain the share of electricity from renewable sources above 35%
by 2030.
Suriname will adopt a Renewable Energy Act to provide the legal,
economic and institutional basis for the promotion of the use of
renewable energy resources. The Act will focus on methods of
electrification serving the interior, such as grid expansion (connecting
off-grid systems to the national grid), solar PV systems, mini-grids, and
micro- and small-scale hydropower development.
The government is committed to implement fiscal sustainability
measures to promote energy efficiency. The current tariff is a
disincentive to private investment in more efficient technology. Against
the backdrop of growing electricity demand these measures present a
win-win, as they reduce the need for new generation capacity as well as
free up government resources for investment. In view of the impact of