THE link between macroeconomics and energy security was the main focus of a two-day high level policy dialogue in Nadi aimed at further supporting sustainable development in the Pacific.
The Economic and Social Commission for Asia and the Pacific (ESCAP) meeting involved more than 60 participants articulating Pacific perspectives.
Chief guest, Minister for Social Welfare, Women and Poverty Alleviation Dr Jiko Luveni said at a time of high fossil fuel prices, dependence on imported fuel has impacted the Pacific's foreign currency reserves.
"This is especially true given that fuel prices have skyrocketed in the past couple of years and the global political and economic climate has a great potential to exacerbate the situation. Therefore improving energy security and reducing reliance on fossil fuel contributes to a more stable macro-economic environment that is beneficial for the long-term health of Pacific countries," said Dr Luveni.
She said Fiji had a lot to show with regards to renewable energy and energy efficiency.
"I am very proud to say that a significant proportion of Fiji's energy consumption comes from renewable sources like hydropower.
"In the mainland of Viti Levu, most of the power is generated through hydroelectricity.
"Fiji recently completed the $300million Nadarivatu Hydro Electrical Scheme which will generate 100 million units of electricity a year that will power Fiji's progress.
"Projects like these reduce our dependence on imported fuel, protect foreign exchange reserves and insulate our countries from external shocks that are way beyond our ability to influence.
"The energy generated by this project is clean energy and it is a clear reminder to all that powering economic growth and progress does not mean that we have to compromise our environment."