Energy Future
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The document discusses energy security and sustainability in the Cayman Islands. It notes that the UN has declared small island states vulnerable due to instability in imported fossil fuels, which will run out within 40 years. To achieve energy security and maintain affordable resources, the Cayman Islands needs to reduce dependence on oil for water, cooling, transport and electricity. Benefits of pursuing energy security include lower prices, new businesses and jobs, carbon credits and new government revenue. The document proposes incentives, partnerships and legislation to establish an energy policy and task force, import alternate fuels, promote renewable energy solutions and achieve energy independence by 2020.
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The document discusses the importance of energy efficiency and renewable energy in building a green economy and outlines President Obama's plans to promote them. It summarizes that energy efficiency is the cheapest way to reduce energy demand, buy time to develop renewables, and can work synergistically with renewables. It also outlines Obama's goals like improving appliance standards and funding for efficiency programs and renewables research.Unlocking Energy Efficiency in Emerging Markets, Demostenes Barbosa da Silva
On December 14, 2009, the Alliance to Save Energy and the Renewable Energy and Energy Efficiency Partnership (REEEP) held a side event at the COP15 climate conference in Copenhagen, Denmark, entitled, "Paradox to Paradigm: The Role of Energy Efficiency in Creating Low Carbon Economies."
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Energy Future
- 1. Energy Future In The Cayman Islands The Cayman Institute
- 6. Why Energy Security is Important Cayman is subject to all of the following: Fluctuations in Fuel Prices Interruptions in Supply Loss of Existing Sources Loss of Economic Viability Negative Environmental Impacts
- 7. Benefits How Do We Achieve It Total Energy Security In Cayman UK Govt. Cayman Govt. Key Industries All Residents Entrepreneurs Energy Policy Legislation Regulation Partnerships Incentives Lower Prices Carbon Credits New Govt. Revenue New Businesses (JOBS) Zero Emissions Stakeholders PR Campaign
- 8. The Look of Tomorrow’s Energy
- 9. Again, this is a short term cost replaced with new business, new Caymanian jobs and new duty rates which are non existent today The cost associated with Policy creation, legislation and regulation drafting and approvals This is a short term incentive to get the public’s attention and to spur new business Time Revenue from CUC Duty on Products Short Term Costs Benefits What will this cost?
- 14. Summary – Benefits To All Guaranteed Supply of Fuels Lower Overall Costs for Energy Increased Revenues for Govt. Sustainable Economic Viability Energy Independence Responsible Environment Mgmt ENERGY POLICY & LAW PROTECTED WAY OF LIFE
- 15. Thank You