As part of its mandate to promote resilient energy matrices region-wide, CARICOM has identified the promotion of investment into energy efficiency programs and projects as a priority action item.
On April 5th at 10.00am EST, the Caribbean Community (CARICOM) Secretariat and New Energy Events will co-host a webinar focused on new approaches to the commercialization of energy efficiency programs and projects in the Caribbean.
Jacob Corvidae, Manager, Rocky Mountain Institute
Kelly Tomblin, President & CEO, Jamaica Public Service Co.
Dr. Devon Gardner, Programme Manager, Energy, CARICOM
Joseph Williams, Sustainable Energy Advisor, Caribbean Development Bank
Despite the obvious potential for investment in energy efficiency across the Caribbean, the markets are yet to take off in any meaningful way. The unavailability of sustainable and affordable financing is widely recognized as the most significant hurdle to commercialization. The webinar will explore an emerging alignment of stakeholders around energy efficiency investments, and examine a number of innovative approaches to financing.
Topics will include:
• How do we introduce investment in energy efficiency into the mainstream?
• How do regional utilities look at investment in EE initiatives from a long-term ROI perspective? How can we align economic incentives to motivate utilities to invest in EE?
• What can we learn from the experience of other markets and other utilities? Hawaii, for example?
• What is the Integrated Utility Service (IUS) model? What can we learn from the initial experience in Fort Collins?
• How might utility-centric EE programs align with public sector and multilateral objectives and with what implication for the financing of EE programs?
• How do we de-risk EE investment?
• What are the opportunity costs associated with the inability of the current “market will deliver” philosophy to tap the regional EE potential?
• What are the key stakeholders – utilities, utility regulators, governments, multilaterals and private investors – prepared to do in order to deliver clean, efficient, reliable and cost-effective energy services to end-users? More