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Launch of the first Caribbean Regional Energy Efficiency Pilot Financing Facility

 

“Belize to launch the Caribbean’s first Energy Efficiency Financing Facility under the Energy for Sustainable Development in Caribbean Buildings (ESD) Project”

PRESS RELEASE – Belmopan, Belize; October 17, 2017 – The Caribbean Community Climate Change Centre (CCCCC/5Cs) and the Development Finance Corporation (DFC) are scheduled to sign a Memorandum of Agreement launching the first Caribbean Regional Energy Efficiency Pilot Financing Facility for investments in Energy Efficiency (EE) and Renewable Energy (RE). The event is scheduled for Tuesday, October 17, 2017, at 10:00 a.m., at the CCCCC Training Room, Lawrence Nicholas Building, Ring Road, Belmopan, Belize.

The new EE Financing Facility was made possible with a grant of USD 200,000 under the Global Environment Facility-United Nations Environment Programme (GEF-UNEP) Energy for Sustainable Development in Caribbean Buildings (ESD) Project, with co-financing of USD 800,000 from the DFC. The pilot financing facility is intended to provide the foundation for the development of a self-sustaining financing window within the DFC to facilitate increased investments in EE and RE.  The work was jointly spearheaded by the DFC, the CCCCC/5Cs and the Caribbean Development Bank (CDB), with assistance from the GEF and UNEP, in developing innovative sustainable energy solutions that benefit the country and people of Belize.

It is recognized that globally, buildings account for over a third of total energy use and associated greenhouse gas (GHG) emissions; typically, 10 to 20 percent (depending on building type) of the total life‑cycle energy consumed is used for the manufacturing and assembly of building materials, construction, maintenance, refurbishment and demolition. Some 80 to 90 percent is used over the life of the building for heating, cooling, lighting and ventilation, house appliances, etc. In Belize, for example, the buildings sector (commercial, domestic, and institutional) is the largest consumer of electricity and accounts for more than 90 percent of total electricity consumption. It is therefore, the largest source of GHG emission after the transportation sector.  The Project aims to achieve a minimum reduction of 20 percent in electricity use in the pilot activities that are to take place during 2014 – 2018.

END

 MEDIA ADVISORY 

WHO:

  • Hon. Frank Mena, Minister of State, Ministry of Labour, Local Government, Rural Development, Public Service, Energy & Public Utilities
  • Dr. Kenrick Leslie, CBE, Executive Director, Caribbean Community Climate Change Centre
  • Ms. Natalie Goff, General Manager, Development Finance Corporation

WHAT:          OFFICIAL SIGNING CEREMONY: GEF-UNEP ESD PROJECT “BELIZE ENERGY EFFICIENCY PILOT FINANCING FACILITY”

 WHEN:          Tuesday, October 17, 2017, 10:00 a.m.

 WHERE:   Caribbean Community Climate Change Centre, Lawrence Nicholas Building, Ring Road, Belmopan, Belize

BACKGROUND:

The Energy for Sustainable Development in Caribbean Buildings (ESD) Project represents the first regional project that is piloting energy efficiency improvements in the economy of member states in the Caribbean Community (CARICOM). Buildings are identified to be the major consumers of electricity across the region, as a result, the Project focuses on the building sector for improving the efficiency of energy use.

Peruse the official Background Note – Blended Grant Loan Finance Mechanism – ESD Project (2013)

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The Caribbean Community Climate Change Centre coordinates the region’s response to climate change. Officially opened in August 2005, the Centre is the key node for information on climate change issues and the region’s response to managing and adapting to climate change. We maintain the Caribbean’s most extensive repository of information and data on climate change specific to the region, which in part enables us to provide climate change-related policy advice and guidelines to CARICOM member states through the CARICOM Secretariat. In this role, the Centre is recognised by the United Nations Framework Convention on Climate Change, the United Nations Environment Programme, and other international agencies as the focal point for climate change issues in the Caribbean. The Centre is also a United Nations Institute for Training and Research recognised Centre of Excellence, one of an elite few. Learn more about how we’re working to make the Caribbean more climate resilient by perusing The Implementation Plan.

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Saint Lucia moving to improve energy efficiency in buildings

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Saint Lucia is to join the regional movement, alongside four other Caribbean Community (CARICOM) islands, to identify ways to improve energy efficiency in buildings.

A regional training workshop on Simulation Tools for Energy Efficiency in Caribbean Buildings, commenced today at the National ICT Centre, Bourbon Street, Castries, Saint Lucia.

The workshop, held March 9th-12th 2015, is a major activity of the Global Environment Facility-United Nations Environment Programme (GEF-UNEP) Energy for Sustainable Development in Caribbean Buildings (ESD) Project.

The continued total dependence of the region on importation of petroleum products is no longer an option for our continued growth and development. To help us in this regard, the ESD project was launched in April 2013, and is piloting energy efficiency improvements in the economy of participating member states in CARICOM.

The Caribbean region imports in excess of 170 million barrels of petroleum products, annually, with 30 million barrels used in the electric sector, and since buildings are major consumers of electricity across the region, the project focuses on the buildings sector for improving the efficiency of energy use.

A recent study revealed that ninety one (91) percent of the total electricity sold in Saint Lucia is consumed in buildings and 33 percent of the total commercial energy – that is both electricity and petroleum products – is consumed in buildings.

Participation in the ESD Project is a direct indication of the Government’s commitment to addressing the consumption of energy in buildings as the government moves to make its own buildings more energy efficient and provides incentives for the implementation of energy efficiency measures in the country.

This project is being implemented by the Caribbean Community (CARICOM) Climate Change Centre (5Cs/CCCCC), and involving five pilot countries: Grenada, Antigua and Barbuda, Belize, Saint Lucia, and St. Vincent and the Grenadines.

The project’s objective is to transfer and implement sustainable energy policies, instruments and knowledge in the Caribbean countries through the promotion of energy efficiency applications and renewable energy use within the residential and public building sector. The aim is to achieve a minimum reduction of 20 percent in electricity use through the pilot activities that are to take place during 2014 – 2017.

The Simulation Tools for Energy Efficiency in Caribbean Buildings Training Workshop is an activity that represents a significant investment toward building the country’s capacity to manage the transition to a low carbon economy and to meet our National Sustainable Energy Goals and those of the Caribbean Sustainable Energy Road Map and Strategy (C-SERMS) for implementation of the renewable energy (RE) and energy efficiency (EE) dimensions of the CARICOM Energy Policy. This will also allow for successful implementation of efficient lighting retrofits both in the private and public sectors.

The Training Workshop on Simulation Tools for Energy Efficiency in Caribbean Buildings is designed to sensitize modellers and engineers on the value and opportunities of eQUEST  and RETScreen  in a building assessment protocol.

This workshop incorporates face-to-face and virtual interaction where participants will receive informed guidance on the use of eQUEST and RETScreen software programs.

Credit: St. Lucia News Online
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