Policy seeks to curb market power of CUC
Cayman’s ambitious new (updated) energy policy seeks to get rid of fossil fuels and petrol-powered cars within a generation, transforming the island to 100% clean energy and electric vehicles.
The revised National Energy Policy, approved by Cabinet, also includes safeguards to ensure fair competition for green energy contracts.
The document, published Friday, was immediately welcomed by the Cayman Renewable Energy Association, which hailed it as “the largest step forward to date” on the road to an affordable, sustainable energy future for Cayman.
The headline commitment to reach 100% energy from renewable sources by 2045 is hugely ambitious given the slow rate of progress on incorporating solar and wind energy in Cayman so far.
Despite the benefit of year-round sunshine, the jurisdiction currently sits at 3% renewable penetration, with the rest coming from diesel-powered generators.
Democracy & Good Governance 