Strategic financing, better partnerships needed to move Region’s energy transition

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The transition to a mix of energy systems from regional electricity grids that are based solely on fossil fuels requires major strategic financing, according to bankers and energy officials.

Finance was as a key topic of discussion at the Fifth Caribbean Sustainable Energy Forum (CSEF V) held in The Bahamas in 23-25 January, 2017, under the theme ‘Future Energy 2027′, with key figures calling for appropriate means of funding energy transition.

One of the main objectives of the Forum was to propose actions to support the ability of Member States to attract the right type of capital that is capable of delivering sufficient financing for sustainable energy deployment. During one of the panel discussions on the final day of the energy forum, participants explored the structure and level of funding, and the kinds of partnerships required to move energy transition along. There was a clear call for more private sector involvement and for a special component at the next Energy Forum that would focus on engagement with the business community to shape the culture that has to evolve to attract investment.

Financial viability, technical assistance and capacity-building, transparent procurement systems and absorptive capacity, were among the matters that participants felt were critical to attracting the kind of investment in energy in the Region. (more…)

CARICOM Intersessional Meeting opens Thursday morning in Georgetown

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The Twenty-Eighth Intersessional Meeting of the Conference of Heads of Government of the Caribbean Community (CARICOM) takes place at the Marriott Hotel, Georgetown, Guyana on 16 – 17 February, 2017.

An Opening Session will be held from 9:00 a.m. on Thursday 16 February at the Meeting Venue.

Accredited Media Representatives are invited to cover the Opening Session.


Remarks will be delivered by:

  • Secretary-General, Caribbean Community, Ambassador Irwin LaRocque
  • Outgoing Chairman of the Conference of Heads of Government, Honourable Roosevelt Skerrit, Prime Minister of Dominica
  • Chairman of the Conference of Heads of Government, His Excellency Brigadier (Ret’d) David A. Granger, President of the Republic of Guyana

 

Please make every to arrive at least 30 minutes before the start of the session to facilitate security clearance and the set up of equipment.

Economic development, crime and international relations among key issues for Inter-Sessional

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Economic Development, Crime and Security and International Relations are among the key issues for discussion by CARICOM Heads of Government at their Twenty Eighth Inter-Sessional Meeting  in Georgetown Guyana, 16 – 17 February 2017.

CARICOM Secretary General Ambassador Irwin LaRocque  briefed the media  during a press Conference at the CARICOM Headquarters in Georgetown on Monday.

More in this video report:

 

Cayman Islands sets ambitious target for renewables

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Cayman Islands legislator Winston Connolly (Photo via Caribbean News Service)
Cayman Islands legislator Winston Connolly (Photo via Caribbean News Service)

NASSAU, The Bahamas, Jan 25 2017 – The Cayman Islands has just completed a National Energy Policy, it was announced here Wednesday.

Cayman Islands legislator Winston Connolly said the draft document was completed last Friday and will now be sent to Cabinet for its consideration.

It proposes moving from less than one percent (0.9 percent) solar and renewables to an ambitious 70 percent by 2037.

Speaking at the fifth Caribbean Sustainable Energy Forum (CSEF V), held here Jan. 23-25, Connolly admitted that it was “an uphill battle” even with his own parliamentary colleagues as he sought to get buy-in for the transition to renewable energy.

Read more at: Caribbean News Service