CARI COM

1. CARICOM Seminar on the Implementation of the System of National Accounts 2008 (SNA 2008)14-16 June 2010,Jolly Beach, Resort,Antigua and Barbuda

2. 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 • 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. • 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.

3. CARICOM ENERGY SITUATION • Installed capacity 5,000 MW • Annual electricity production 19,700 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

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

5. CARICOM ENERGY PROGRAMME • Increasing the capacity for energyplanning and implementationin Member States, to include the strengthening regional coordination capabilities • Mainstreaming climate adaptationinto 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

6. PROJECT COST MODEL

7. 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

8. C-SERMS PATHWAY Assessing Current Status and Potential • Energy System Analysis: • Electricity Sector • Transportation Sector • Production, Consumption, Transmission & Distribution • CO2 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 Setting a common vision Priority Initiatives, Policies, Projects, &Activities (PIPPA) Targets 2017 • Renewable Power Generation • Energy Efficiency Improvements • CO2 Emissions Reductions • Regional Recommendations • National Recommendations 2022 Roadmap for the Caribbean 2027

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

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

12. THE VISION The vision is to develop an architecture of cooperation to address the energy challenges facing the region, by: • Increasing knowledgeof energy sector issues and opportunities in the Region; • Providing greater support to governmentsin 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 coordinationof initiatives within the Region; and • Increasing access to funding resourcesfrom public, private, and multilateral sources for sustainable energy investments throughout the Region.

13. 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

14. THE APPROACH Regional strategy gives orientation participate National strategy & actions generate concrete experiences drives Visible & replicable region-appropriate projects

15. HOW TO SUPPORT?

16. CONCEPTUAL FRAMEWORK, C-SERMS PLATFORM The C-SERMS Platform will constitute representation from the respective groups EXECUTIVE BOARD CARICOM HEADS OF GOVERNMENT Technical Advisory Group CCREEE CCREEE

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

18. 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?

19. CARICOM DR. DEVON GARDNER Programme Manager, Energy CARICOM Secretariat Turkeyen, Georgetown, Guyana Phone: +592-222-0139 Cell: +592-673-2930 Email: devon.gardner@caricom.org Skype: devon.gardner Website: www.caricomenergy.org