Non Project Grant Aid
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Japan provided 200 million yen (approximately $1.95 million) in non-project grant aid to the Federated States of Micronesia (FSM) to purchase diesel and mitigate economic difficulties. The FSM Petroleum Corporation will coordinate the purchase and delivery of diesel using the grant funds. Half of the grant amount must be deposited in a counterpart account within three years, and the usage of these funds will be discussed jointly by the FSM and Japan. The diesel purchase and establishment of the counterpart account will help reduce costs and bring price stability to the FSM's energy sector.
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Energy Policy (volume I) - Updated
The Federated States of Micronesia's national energy policy aims to reduce the country's dependence on imported fossil fuels and transition to more renewable energy. Key points:
1) FSM is highly dependent on imported petroleum for electricity generation and transportation, which represents over 50% of its annual budget and 20% of GDP.
2) The policy establishes goals and objectives around renewable energy development, energy efficiency and conservation, and management of conventional energy resources.
3) It proposes an institutional framework to coordinate energy efforts across government agencies and private sector stakeholders at both the national and state levels.
15th_MCES_Signed_Joint_Communique
The 15th Micronesian Chief Executives' Summit was held in Pohnpei, FSM from July 27-28, 2021. Key outcomes of the summit included designating Guam to host the Office of the Micronesia Center for a Sustainable Future and establishing a working group to address problems with Micronesian pension and social security systems. The summit also adopted a resolution to develop a regional ban on shark finning and called for a strategic framework to implement marine conservation programs to establish the world's first Regional Shark Sanctuary in Micronesia by December 2022. Chief Executives also issued decisions and recommendations on health, invasive species, tourism, climate change, water and sanitation. Presentations were given
Electricity Production Data (KOSRAE)
The document contains electricity production data for the state of Kosrae from 2007 to 2011. It includes monthly and yearly totals for electricity produced, fuel used, fuel prices, electricity tariffs for residential, commercial and government customers. On average, electricity production was highest in 2010 at 544,977 KWH per month. Fuel prices steadily increased each year from a 2007 average of $2.64 per gallon to a 2011 average of $4.11 per gallon. Residential tariffs also increased over the period.
Electricity Production Data (CHUUK)
This document contains electricity production data for the state of Chuuk from 2007 to 2012. It includes the monthly electricity produced in kilowatt-hours, fuel used in gallons and the associated price, the amount spent on fuel, and residential, commercial, and government electricity rates per kilowatt-hour. In 2010, a total of 484,146 kilowatt-hours of electricity was produced using 428,559 gallons of fuel at a cost of $1,495,858. The average electricity produced in 2010 was 857,118 kilowatt-hours using 61,223 gallons of fuel priced at $3.4936 per gallon.
SPREP_Meeting_Report-Implementing_the_Nagoya_Outcomes_FINAL_24_06_2011.pdf
SPREP_Meeting_Report-Implementing_the_Nagoya_Outcomes_FINAL_24_06_2011.pdf FSM Department of Resources & Development
This document summarizes a post-COP10 meeting held in Fiji from May 16-20, 2011 to review outcomes of the 10th Conference of the Parties to the Convention on Biological Diversity and plan for their implementation in the Pacific region. Key points from discussions included:
1) Participants shared lessons learned from successful Pacific cooperation at COP10, highlighting regional achievements and the need to continue a unified Pacific voice.
2) Discussions established a basic understanding of important Nagoya outcomes and decisions for the Pacific, and identified capacity needs to implement them with support from partners.
3) Recommendations focused on strengthening future COP preparations through information sharing, and consolidating strategies, actions and partnership opportunities toSigned Water Day Proclamation
The President of the Federated States of Micronesia declared March 22, 2011 as FSM National Water Day through a presidential proclamation. The proclamation noted that clean water is essential to life but over 1 billion people lack access to it. It also recognized that the UN designated March 22 as World Water Day and that the FSM would hold a National Water Summit on that date to discuss water resources and management. The proclamation urged citizens to join in recognizing water's importance and protecting it for the future.
Water summit resolution and policy framework
The document is a resolution from the Federated States of Micronesia establishing a National Water Task Force to develop a comprehensive national water and sanitation policy. It recognizes that safe water is scarce in Micronesia and threatens development and health. Despite water's importance, there is no overarching policy. The resolution creates a task force with representatives from national and state governments to draft a national water outlook, policy, and investment plan by August 2011 to strengthen water coordination and management across Micronesia.
Poster & Essay Competition
1. The Secretariat of the Pacific Community (SPC) is celebrating the International Year of Forests in 2011 by holding competitions and awards to recognize contributions to sustainable forest management.
2. SPC will present awards of $1000 each in three categories: a forest entrepreneur award, an agroforester award, and a forest leadership award.
3. SPC is also holding a poster competition for primary school students and an essay competition for secondary school students on the topic of forests and their importance to local communities. Winners will receive cash prizes.
Summary (FSM Energy Policy)
The FSM energy policy aims to improve lives through sustainable energy and reduce dependence on imports. Its objectives are promoting socio-economic development with affordable, reliable, and environmentally-sound energy, and increasing renewable energy and efficiency. The strategic goals are improving coordination, ensuring conventional energy is safe and affordable, increasing renewable energy to 30% by 2020, and improving efficiency 50% by 2020. The action plan focuses on developing sustainable energy databases; coordinating stable, affordable conventional supplies; supporting renewable investments; conducting renewable assessments; implementing efficiency programs; and developing standards and regulations while improving infrastructure and capacity building.
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Non Project Grant Aid
- 1. Japan non-project grant aid
- 3. Japan to provide 200MYen (1,953k$) Grant to FSM
- 4. FSM to purchase products to mitigate its economic difficulties
- 5. Procurement agent to be employed by FSM for product procurement
- 6. Transaction of the fund usage should be reported to Japan
- 7. FSM to establish “Counterpart Account (C/A)” separately
- 8. All proceeds from sales of products should be deposited
- 9. Total deposit amount ≥ Half of 200MYen
- 10. Deposit should be made within 3 years
- 11. Usage of C/A fund should be consulted among both countries
- 13. Petroleum Corporation (FSMPC) to coordinate all processes as executing agent
- 14. FSM decided to purchase “Diesel” to mitigate difficulties of energy sector
- 16. Progress status (as of OCT. 14, 2010) All JNPGA fund already drawn at August end, 2010 Agent fee: 58.4 (k$) Diesel (CIF): 1,894.8 Total: 1,953.3 (= 200MYen) Interest saving benefit for FSMPC 1,894.8 x 7.5%p.a. x 1/12 = 11.8 k$/mo. Usage of diesel stock (FOB: 1,444.6k$) Deposit to Counterpart Account (C/A): 722.3 - 1,444.6* Remainder to be handled by States: 722.3 - 0.0 total: 1,444.6 - 1,444.6* Next step action FSM to establish C/A at Bank FSM to develop Depositing plan through Jan. 2012 FSM to decide C/A fund utilization Need to consider “equal benefit” Fund utilization to be discussed with Japan (* FSMPC’s handling fee to be deducted)