Enhanced Regional Energy Planning and Management Thanks to sieCARICOM
The Caribbean’s data collection and processing capabilities have gotten a big boost in the form of the Regional Energy Information System for CARICOM (also known as sieCARICOM). Funded by TAPSEC, this critical tool was custom-built by the Latin American Energy Organization (OLADE) under the guidance of the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE).
Tailored specifically to suit the region’s needs, sieCARICOM collects and processes energy sector data and information in order to inform regional energy management and planning. It forms part of the Regional Energy Statistics and Information Management (RESIM) initiative, which is implemented by the CARICOM Energy Unit, the CCREEE and the Regional University Network (RUN). It is housed within the TAPSEC-supported CARICOM Energy Knowledge Hub (CEKH), making it accessible to energy industry decision-makers across the region.
sieCARICOM uses a methodology based on the International Recommendations for Energy Statistics (IRES) in order to ensure that regional statistics align with international best practices. As part of the project’s roll-out, regional energy professionals were trained in using the system to develop energy balances and plan effectively for their nations’ future energy needs.
With the benefit of this rich energy information resource, the Caribbean’s energy sector is well-equipped to drive the transition toward sustainable energy development.