Supporting Climate Change Adaptation and Sustainable Energy in the Caribbean Electric Utilities
In the Caribbean, fighting climate change is a daily struggle. Comprised of mainly small-island developing countries, the region is highly vulnerable to the adverse effects of climate change, such as sea-level rises, shifts in rainfall patterns and extreme weather events. In addition, the Caribbean countries depend heavily on imported fossil fuels, causing high electricity prices for end-users and leaving local economies vulnerably exposed to international oil price fluctuations.
A diesel-powered power plant located in Barbados (© Econoler 2016)
Econoler, partnering with CARIBSAVE, has been commissioned by the Caribbean Electric Utility Services Corporation (CARILEC) to develop climate-change adaptation, supply-side management (SSM) and demand-side management (DSM) programs for five electric utilities: the Bahamas (BEC), Barbados (BL&P), Dominica (DOMLEC), Nevis (NEVLEC) and St. Kitts (SKELEC). The project is funded by the Inter-American Development Bank.
The challenges faced by the Caribbean region clearly indicate that EE and innovative energy financing mechanisms must be incorporated as core components of climate-resilient and low-carbon development strategies.
For more information please follow this link to read the project reference: https://econoler.com/en/projects/support-for-carilecs-climate-change-adaptation-and-sustainable-energy-programming/