Seminar on the Implementation of the System of National Accounts 2008 (SNA 2008) June 2010, Jolly Beach, Resort, Antigua and Barbuda CARICOM

CARICOM ENERGY SITUATION All CARICOM Member States depend heavily on fossil fuels to supply their energy demand. The fifteen CARICOM Member States could be classified into the following broad groupings based on their import and export capabilities of petroleum derived products: 1. HYDROCARBON PRODUCERS (i)NET ENERGY EXPORTERS of petroleum, petroleum related products and natural gas. Trinidad and Tobago is the only major producer and net energy exporter within the region. (ii)OTHER ENERGY PRODUCERS, such as Suriname, Barbados and Belize, which are producers of crude oil that supply some of their domestic needs but are overall net importers. 2. NON-HYDROCARBON PRODUCERS All other CARICOM Member States are non-producers of hydrocarbons; they are net importers.

CARICOM ENERGY SITUATION Installed capacity 5,000 MW Annual electricity production19,700 GWh Load factor 45% Annual demand growth rate 3.6% RE Penetration 10% To reach the C-SERM targets, CARICOM will require installation of ca. 25 MW of RE per year

Energy efficiency can reduce bills UK A very wide suite of measures are cost effective in the Caribbean Cost of Saved Energy ($/kWh) Operations & Maintenance Pump Replacements Solar Hot Water Lighting Retrofit Air Conditioning ReplacementExhaust Fans Pool Pumps Window Film Advanced Controls Solar PV Other EE Measure including energy storage Average Retail Cost of Electricity in the Caribbean Energy Efficiency Potential in the Caribbean ENERGY COST REDUCTION FUNDAMENTAL ECONOMICS OF RENEWABLES AND EFFICIENCY

Increasing the capacity for energy planning and implementation in Member States, to include the strengthening regional coordination capabilities Mainstreaming climate adaptation into regional energy planning Increasing the efficiency in the production, delivery and use of energy Increasing the share of cost‑effective renewables within the regional energy systems CARICOM ENERGY PROGRAMME

PROJECT COST MODEL

The Caribbean Sustainable Energy Roadmap and Strategy (C-SERMS) is a regional energy planning and management and implementation framework being developed by CARICOM for expediting the implementation renewable energy and energy efficiency dimensions of the CARICOM ENERGY POLICY

Assessing Current Status and Potential Targets Priority Initiatives, Policies, Projects, &Activities (PIPPA) Renewable Power Generation Energy Efficiency Improvements CO 2 Emissions Reductions Regional Recommendations National Recommendations Energy System Analysis: Electricity Sector Transportation Sector Production, Consumption, Transmission & Distribution CO 2 Emissions Identifying Potential: Renewable Resource Potential Energy Efficiency Potential Infrastructure Needs Policy Assessment: Governance & Administration RE and EE Support Goals & Policies Emissions Reduction Goals & Policies Roadmap for the Caribbean Setting a common vision C-SERMS PATHWAY

Documented Renewable Resource Potential Across All Member States Projected Regional Power Capacity Needs to 2030 Regional Targets for Renewable Power Generation Capacity 2017: 20% 2022: 28% 2027: 47% Targets for Member States Viable Additions of Intermittent RE RE Baseload Potential Natl’ Resource Assessments NATIONAL TARGET-SETTING Existing National RE Targets

Various paths of energy from source to service; lines indicate possible energy pathways. PRIMARY ENERGY SOURCE KEY TO FIGURE ENERGY CARRIER CONVERSION TYPE USEABLE ENERGY FLOW ENERGY SERVICES Fossil FuelsBioenergy Solar Energy Wind Energy Hydro Energy Ocean Energy Liquid Fuel Solid Fuel Gaseous Fuel Electricity Heat ‑ based Energy Services Heat ‑ based Energy Services Direct Heating & Lighting Services Electrical Energy Services Mechanical Energy Services Thermal Conversion WorkWork Kinetic Conversion Geothermal Energy HeatHeat

The vision is to develop an architecture of cooperation to address the energy challenges facing the region, by:  Increasing knowledge of energy sector issues and opportunities in the Region;  Providing greater support to governments in preparing and implementing energy policies, strategies and related road maps, including technical assistance and support to national programs;  Increasing impact and effectiveness of energy diversification strategies through greater coordination of initiatives within the Region; and  Increasing access to funding resources from public, private, and multilateral sources for sustainable energy investments throughout the Region. THE VISION

THE PHILOSOPHY There is a cohesive and coordinated Regional architecture framing the relationship among stakeholders, allowing them to optimize the addition of value, so as to help the Region to achieve its sustainable energy goals most efficiently and cost-effectively Principles of Engagement: – Regional ownership – Coordination of initiatives – Mutual accountability

Visible & replicable region-appropriate projects National strategy & actions Regional strategy generate concrete experiences participategives orientation drives THE APPROACH

HOW TO SUPPORT? National Actors Regional Actors Global Actors

COTED ENERGY MINISTERS CARICOM Secretariat CCS ENERGY UNIT Financing CDB Technical Assistance Capacity Building & Research UWI Information & Knowledge Mgt Policy & Regulations CCS EU Country Focal Points CCS ENERGY UNIT CCREEE CARICOM HEADS OF GOVERNMENT CCREEE CONCEPTUAL FRAMEWORK, C-SERMS PLATFORM The C-SERMS Platform will constitute representation from the respective groups EXECUTIVE BOARD Technical Advisory Group

FinancingTechnical Assistance Capacity Building & Research Information & Knowledge Mgt Policy & Regulations Sustainable Transport Education Buildings Electric Utilities THE CARIBBEAN ENERGY NETWORK C-SERMS WORKING GROUPS CARIBBEAN COMMUNITIES OF PRACTICE

PERTINENT QUESTIONS How do we align our mutual priorities? What is possible and realistic? What are we prepared to do to meet our common objectives?

DR. DEVON GARDNER Programme Manager, Energy CARICOM Secretariat Turkeyen, Georgetown, Guyana Phone: Cell: Skype:devon.gardner Website: CARICOM