Climate Resilient Energy Underscored at Regional Workshop

Oct 13, 2017

The impact of the recent hurricanes on the Caribbean Community (CARICOM) has served to further emphasise the urgency of generating a climate resilient energy supply, and the need to avoid the mass consumption of carbon based fuels.

The widespread destruction hurricanes caused in the Region was the focus of the remarks of speakers at the opening of a Regional Energy Investments Workshop held in St. Vincent and the Grenadines, 20-22 September, 2017.

The Workshop was hosted by the CARICOM Secretariat’s Energy Programme with joint support from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) executed Renewable Energy and Energy Efficiency Technical Assistance (REETA) Programme (GIZ-REETA) and the Promoting Access to Clean Energy Services in St. Vincent and the Grenadines (PACES) Project administered by the United Nations Development Programme (UNDP).

Sustainable energy project developers, financiers, government representatives and other key players in the energy and finance sectors from across the Region participated in the forum. The Workshop was held at a time when the Region was reeling from the impact of back to back Category Five Hurricanes.

Prime Minister of St. Vincent and the Grenadines, Dr. the Honourable Ralph Gonsalves, in his address, spoke of the reality of climate change and its impacts on the economies of small island developing states such as Antigua and Barbuda, the British Virgin Islands, Cuba and Dominica, which were recently devastated.

In that regard, he called for ceasing the mass consumption of carbon based fuels, in recognition of their contribution to global warming and climate change. He asserted that St. Vincent and the Grenadines, was determined as a matter of policy to “walk the talk”, having been one of the first signatories to the historic Paris Climate Change Agreement.

Participants were exposed to life cycle cost concept, dynamic financial calculation and relevant key performance indicators for investment decisions. Organisers hoped that participants would be able to perform calculation and financial modelling of their own sustainable energy projects.

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