The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.16 | REGIONAL INSTITUTIONS

than done but remains necessary for regional sustainability.

As autonomous countries in CARIFORUM, their efforts tend to be fragmented and few opportunities to benefit from synergies are grasped. Interaction with common institutions can often help to identify such opportunities and create the space to benefit from cooperation and collaboration. Member states often learn from making their own mistakes but not from the mistakes of their neighbours. Regional institutions provide opportunities for them to share experiences, data and lessons learnt, thus saving each other time, effort and resources. Most member states are small and unable to make their positions heard and felt on the global stage. Regional institutions make it easier by combining the collective voices of the region to deliver common messages and concerns globally. The RE industries in the region are all relatively young, having only received some urgency following the oil crisis of 2008. Many institutions would already have been established to focus on other priority areas After the oil crisis, given the level of dependence, existing institutions are now asked to integrate the energy needs of the region. This is sometimes easier said Institutions which operate regionally are important for several reasons. Apart from Dominican Republic, all the countries included in the study are member states of CARICOM which qualifies them for assistance from all of its agencies. Some of the regional institutions which administer international funds do include the Dominican Republic; like Caribbean Export and the CARICOM Regional Organisation for Standards and Quality (CROSQ). Some important considerations are: - • • • •

The Regional Institutions’ relationships with the key stakeholders in the countries included in the study are shown below.

LEAD GOVERNMENT MINISTRIES

HIGHER EDUCATION INSTITUTIONS

PRIVATE SECTOR INSTITUTIONS

REGIONAL INSTITUTIONS

FUNDING AGENCIES

FINANCIAL INSTITUTIONS

RENEWABLE ENERGY COMPANIES

UTILITY REGULATOR

Figure 3.80 | Relationships of Regional Institutions to Key Stakeholders in the Region

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The Renewable Energy Industry in CARIFORUM Countries