The Caribbean Community Climate Change Centre launched a four year (2013- 2017) multi-million dollar regional energy efficiency project on August 13, 2013. The US$12,484,500 Energy for Sustainable Development (ESD) in Caribbean Buildings Project, which is jointly funded by a grant (US$4,859,000) from the Global Environment Facility (GEF), and co-financing in the sum of US$7,625,500 from the Centre and five Caribbean Community (CARICOM) countries, seeks to reduce greenhouse gas (GHG) emissions by 20% in the near-term and make the region’s energy sectors more efficient through increased use of renewable energy.
Approximately 30 key stakeholders involved in the project, including representatives from the five participating countries (Belize, Antigua and Barbuda, Grenada, Saint Lucia and the Republic of Trinidad and Tobago) were in attendance for the launch event in Belize City, Belize.
The project is the first regional project of its kind in CARICOM.
The project is expected to:
Increase the number of successful commercial applications of energy efficiency and conservation in buildings
Expand the market for renewable energy technology applications for power generation and productive uses
Enhance institutional capacity to design, implement and monitor energy projects for sustainable development
Provide access and availability of financing energy efficiency and conservation and renewable energy projects Increase awareness and knowledge about sustainable energy among key stakeholders.
Dr. Binger says the project is particularly important as the region imports in excess of 170 million barrels of petroleum products, annually, with 30 million barrels used in the electric sector, much of which is consumed by buildings across the region. Therefore, improving the efficiency of energy use in the building sector is a project priority.
The United Nations Environment Programme (UNEP) is the GEF implementing agency, and the Centre as the executing agency. The United Nations Department of Economic and Social Affairs (UNDESA) will provide technical support.