Natural resources, energy and environment
The Micronesian Federation is poor on natural
resources. Fish is by far the most important resource.
In addition, there is phosphate to be extracted on some
of the islands, as well as timber from the forest.
Energy needs are largely covered by imported oil
products. In order to reduce dependence on fossil fuels,
New Zealand promised $ 5 million in 2016 to contribute
to the development of renewable energy.
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COUNTRYAAH:
Major exports by Micronesia with a full list of the top products exported by the country. Includes trade value in U.S. dollars and the percentage for each product category.
Environmental problems are serious and have increased
as general pollution, depletion and higher sea
temperature have contributed to the destruction of coral
reefs. This in turn has led to erosion of the islands'
coastlines - the land surface is simply shrinking.
In the long term, global warming threatens to
submerge low-lying Micronesian islands as the sea level
gradually rises. The country, together with other
low-lying states in the region, has been active in
international contexts to establish a legally binding
agreement on powerful measures against greenhouse gas
emissions, which is believed to be the cause of global
warming. The Micronesia Federation also wants the
world's industrialized countries to fund a fund to
support those nations that will be worst affected by the
greenhouse effect.
In 2013, the Micronesia Federation passed a new law
(Climate Change Act) which states that all political
decisions in the country must be made taking into
account the fight against climate change.
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Abbreviationfinder: A popular acronym site in the world covering abbreviation for each country. For example, FM stands for Micronesia.
FACTS - ENERGY AND ENVIRONMENT
Carbon dioxide emissions in total
150,000 tonnes (2014)
Carbon dioxide emissions per inhabitant
1.4 tons (2014)
The share of energy from renewable sources
1.2 percent (2015)
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