A Regional Strategy for Upscaling Energy Efficiency
Energy efficiency is a key component of the transformation of Caribbean energy sectors. It goes hand in hand with renewable energy and energy conservation as key thematic areas in increasing the sustainability of the energy sector in the Caribbean. However, though it is typically considered the “low hanging fruit” of the sustainable energy transition, several barriers have prevented energy efficiency from being developed on a significant scale across the Caribbean. These barriers include a lack of information and data on energy savings potentials, a lack of awareness of consumers on energy efficiency measures, a lack of trust in the technical capacity to implement these measures and higher transaction costs for implementing energy efficiency projects at larger scales and scope. In order to ensure sustainable regional development with minimal energy waste, energy efficiency must play a greater role in the region’s energy transition. The strategic approach for upscaling energy efficiency throughout the Caribbean must be modelled and defined and the energy efficiency potential of each CARICOM Member State must be strategically mapped.
The Regional Energy Efficiency Strategy and Action Plan (REES and REEAP) was developed to address this issue at the regional and national levels by creating a detailed map of the path toward energy efficiency. It provides a strategic approach at a regional level to upscale CARICOM energy efficiency by guiding all regional organisations in the strategies, actions and steps needed to increase the development and deployment of energy efficient policies, measures, technologies and systems. An additional 15 national-level Energy Efficiency Strategies (NEES), also known as country energy efficiency potentials, were created to address the specific circumstances of each Member State. Based on a massive data collection exercise and the modelling of several scenarios, the NEES reports included a baseline for each country’s energy use and multiple scenarios projecting their possible energy savings through 2035.
The insights contained in these reports can be built directly into the relevant national energy strategies, serve as the foundation for the development of national action plans and inform the creation of effective energy efficiency programs and initiatives.
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National-Level Energy Efficiency Strategies
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