Energy Alternatives for a Secure and a Clean Environment

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Mark Lambrides Department of Sustainable Development

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Presentation transcript:

Energy Alternatives for a Secure and a Clean Environment Mark Lambrides Project Coordinator Assisted by Victoria Lawrence, Geo-Caraïbes Technical Assistant

The Current Energy Regime: Key Challenges Nearly 100% of the electricity and transportation in the Caribbean is fueled by imported petroleum products (T&T is the exception) Electricity costs are high, due to international petroleum prices and small scale of generation facilities Environmental impacts associated with diesel generators have negative effects on the environment and tourism economy

Energy Sector Vulnerability in the Caribbean Fuel supply disruptions (weather threats to shipping, minimal storage capabilities, etc.) Fuel price fluctuations (economic hardships associated with rising costs) Climate risk (Hurricanes, sea level rise, increased frequency/strength of extreme weather events, etc.)

Addressing the Challenges: Energy Security Alternatives Energy Diversification Use of domestic renewable resources (wind, geothermal, biomass, solar, etc.) Regional energy interconnections Exploit fossil fuel resources in the region (Barbados), diversify fuels (coal, natural gas) Energy Efficiency Commercial (tourism) and Industrial energy conservation, and residential DSM/EE measures

OAS/USDE Responses Eastern Caribbean Geothermal Development Project (Geo-Caraïbes) – GEF+ Funded St. Lucia, St. Kitts and Nevis, Dominica Resource exploration, Policy preparation, and Subsidized drilling risk finance Catalyze multiple commercial geothermal projects and inter-island electricity transmission

OAS/USDE Responses Global Sustainable Energy Islands Initiative Established SEP processes: Grenada, Dominica, St. Lucia Future SEP programs: Bahamas, Barbados Development of RE/EE project portfolio and TA/financial brokering In the same way that we are restructuring the banana industry and diversifying the agricultural sector in response to the realities of trade liberalization, we have also made big strides in reducing our reliance on the consumption of fossil fuel, by taking a lead in the renewable energy sector. St. Lucia Prime Minister Kenny Anthony, 2000, at The Hague Conference of Parties (COP)

OAS/USDE Responses Global Village Energy Partnership (GVEP) Address rural energy needs Dominican Republic Guyana and Suriname Collaborate with other Int’l Programs: Caribbean Renewable Energy Development Project (CREDP) Renewable Energy and Energy Efficiency Partnership (REEEP)