Results of the C-SERMS Phase 1 Baseline Results of the C-SERMS Phase 1 Baseline Report & Suggestions for Moving Report & Suggestions for Moving

ForwardForward

In partnership with:

REETA workshop, Georgetown, Barbados

10-12 February 2014

OverviewOverview

• Introduction of C-SERMS 1• Assessing Current Status & Potential• Building Targets• Identifying Priorities–Data Gaps–Concrete Set of Suggestions for Moving

Forward• Regional level • National level

Worldwatch in the CaribbeanWorldwatch in the Caribbean• Dominican Republic Wind and Solar Roadmap

EEP, 2012• C-SERMS Phase I Baseline Report

CARICOM & IDB, 2013 (first draft)• Sustainable Energy Roadmaps in the Dominican Republic, Haiti and

Jamaica ICI of the German Government, 2013 & 2014

• 10 Islands Profiles & Regional MatrixCarbon War Room, 2014

• Barbados, Dominica, Jamaica, St. Lucia Water and Energy Regulation Studies & Synthesis Report of Lessons LearnedADB, 2014

• Study on the Development of the Renewable Energy Market in LAm & the CaribbeanIDB, 2014

• Collaborating with many additional stakeholders in the region

Current Status & Potential,CARICOM Energy Sector

CARICOM Energy & Dev’t ChallengesCARICOM Energy & Dev’t Challenges

Energy System AnalysisEnergy System AnalysisCountry

Installed Renewable Power

Capacity (MW)

Installed Capacity (MW)

Projected Capacity Needs in 2027 (MW)

Antigua and Barbuda 0.05 113 287The Bahamas 0.0 575 1,405Barbados 1.4 240 708Belize 80.4 136 264Dominica 4.8 24 46Grenada 0.38 53 176Guyana 54.2 435 1,195Haiti 54.0 261 590Jamaica 64.7 925 1,976Montserrat 0.0 2 8.36St. Kitts and Nevis 2.2 63 128St. Lucia 0.07 86 250St. Vincent & the Grenadines 5.6 60 108

Suriname 189 410 877Trinidad and Tobago 0.0 2,416.7 3,674CARICOM TOTAL 456.8 5,800.7 11,692.36

CARICOM Renewable Energy PotentialCARICOM Renewable Energy Potential

Key:Extremely

High (>100%)

High (50-100%)

Medium(20-50%)

Low(0-20%) None Unknown

RE Costs vs. Electricity Tariffs RE Costs vs. Electricity Tariffs

Existing Policy Environment Existing Policy Environment

Key: In Place In development Suggested

Building Targets

CARICOM Regional TargetsCARICOM Regional Targets

RE & CO2 TargetsRE & CO2 Targets

HorizonTarget Year

CARICOM Sustainable Energy Targets adopted by CARICOM

member states

CARICOM Emissions Reduction Targets

(CO2 emissions reductions in

the power sector against BAU)

Short Term(5 years)

2017 20% 18%

Medium Term(10 years)

2022 28% 32%

Long Term(15 years)

2027 47% 46%

Indicative Country Targets to Meet Regional GoalsIndicative Country Targets to Meet Regional Goals

Country

Estimated National Renewable Share of

Installed Capacity to Meet Regional Target of 47% by

2027

Estimated Renewable Energy Share of Generation in 2027 (based on installed capacity

target)

Estimated CO2 Emissions Reduction(against BAU in 2027)

Antigua and Barbuda 61% 62% 62%The Bahamas 55% 51% 53%Barbados 67% 55% 61%Belize 76% 85% 62%Dominica 56% 100% 100%Grenada 70% 100% 100%Guyana 84% 90% 82%Haiti 46% 52% 44%Jamaica 58% 40% 51%Montserrat 34% 100% 100%St. Kitts and Nevis St. Kitts: 57%; Nevis: 67% St Kitts: 100%; Nevis: 100% 100%St. Lucia 69% 100% 100%St. Vincent and the Grenadines 59% 81% 78%Suriname 52% 60% 43%Trinidad and Tobago 52% 29% 29%

Identifying Priorities1. Closing Existing Data Gaps

Existing Data GapsExisting Data Gaps

Existing Data GapsExisting Data Gaps

Identifying Priorities2. Regional Level

Roadmap & StrategyRoadmap & Strategy

Regional PrioritiesRegional Priorities

SHORT TERM2014

2016

2018

2020

2022

2024

2026

Set Regional Standards ˜ ˜ ˜ ˜

Mainstream Renewable Energy ˜ ˜ ˜

Promote Capacity in Research, Development, and Innovation (RDI)

˜ ˜ ˜ ˜

Regional PrioritiesRegional Priorities

MEDIUM TERM2014

2016

2018

2020

2022

2024

2026

Develop Targeted Financing Tools to Support Key High Impact Areas

˜ ˜ ˜ ˜ ˜ ˜ ˜

Build Capacities with Key Supporting Stakeholders ˜ ˜ ˜ ˜ ˜ ˜

Conduct On-Site Feasibility for Priority Resources Identified

˜ ˜ ˜ ˜ ˜ ˜ ˜

Support and Manage Regional Electricity Interconnection

˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Develop Targeted Financing Tools to Support Key High Impact Areas ˜ ˜ ˜ ˜ ˜ ˜ ˜

Regional PrioritiesRegional Priorities

LONG TERM2014

2016

2018

2020

2022

2024

2026

Coordinate International Finance ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Coordinate Information Gathering and Communication

˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Conduct Regional Assessment of Technological Lessons Learned

˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Coordinate International Initiatives in the Region ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Identifying Priorities3. National Level

Sustainable Energy Roadmaps

National PrioritiesNational Priorities

SHORT TERM2014

2016

2018

2020

2022

2024

2026

Incentivize Renewable Generation Through Regulatory Reform

˜ ˜ ˜ ˜

Support Energy Efficiency Through Targeted Legislation

˜ ˜ ˜ ˜

De-Monopolize Grid Access and Encourage IPP Generation

˜ ˜ ˜ ˜ ˜

Maximize Societal Benefits of Sustainable Energy ˜ ˜ ˜

National PrioritiesNational Priorities

MEDIUM TERM2014

2016

2018

2020

2022

2024

2026

Implement Policies to Support the Growth of Renewable Energy in the Transportation Sector

˜ ˜ ˜ ˜ ˜ ˜

Improve Institutional Effectiveness ˜ ˜ ˜ ˜ ˜ ˜

Simplify Regulatory Compliance ˜ ˜ ˜ ˜ ˜ ˜

Conduct and Communicate Key Resource and Technical Assessments

˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Conduct On-Site Feasibility for Priority Resources Identified ˜ ˜ ˜ ˜ ˜ ˜ ˜

National PrioritiesNational Priorities

LONG TERM2014

2016

2018

2020

2022

2024

2026

Utilize Government Resources to Promote Renewable Energy

˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Ensure Policy Effectiveness ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜ ˜

Thank you!Thank you!

Alexander OchsAlexander OchsDirector of Climate and Energy Director of Climate and Energy

aochs@worldwatch.org aochs@worldwatch.org +1 202 745 8092 x511+1 202 745 8092 x511

Priority ProjectsPriority Projects