Cgf summary green-growth

145 views
85 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
145
On SlideShare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Cgf summary green-growth

  1. 1. Green Growth Objectives of the session:  To define green growth in the context of the provision of energy services in the Caribbean, discuss promising developments for clean and renewable energy sources in the region, and the overall challenges of diversifying the region’s dependence on imported petroleum? Key messages of the panel to participants:  There are abundant energy resources in the region – domestic solar, wind, and hydro and regional gas and geothermal – that could be developed at costs that are less than what most countries are paying and that significant energy efficiency potential has not been tapped.  Operating renewable energy systems is more complicated than conventional diesel, requiring detailed analyses and the development of human resource skills, presenting an opportunity for government and donor assistance.  Barriers to clean energy development include: the lack of regional integration and cooperation in the energy sector; unfamiliarity with new technologies and corresponding management systems; the lack of appropriate incentives and regulations; and inadequate or inappropriate financing. Participant interaction:  Why hasn’t there been greater uptake of solar and other renewables in the Caribbean in light of high electricity tariffs? Consensus was that the answer lies in the barriers outlined above, plus the lack of appropriate business models and marketing strategies by the private sector.  How can the region afford to subsidize renewable energy when there are unmet energy social needs and when energy prices are still way too high? Consensus was that many renewables have become less expensive than conventional diesel, but that renewable energy markets have not reached a level of maturity in the region for widespread deployment.  The key energy challenge and solution for the region is greater regional cooperation and integration, involving the major energy suppliers and employing innovative financing, government policies, and market strategies.

×