The Renewable Energy Industry in CARIFORUM Countries

RENEWABLE ENERGY INDUSTRY STAKEHOLDER ASSESSMENT

3.16.3 | CARIBBEAN CENTRE FOR RENEWABLE ENERGY & ENERGY EFFICIENCY

As the newest entity established by CARICOM 2014, the Caribbean Centre for Renewable Energy & Energy Efficiency (CCREEE) is the most focused regional institution on the RE and EE industry having started its operations formally in 2018. Unlike other institutions, this is its sole focus. It has a mandate to promote renewable energy and energy efficiency investments, markets and industries in the Caribbean. It also seeks to be a knowledge hub for RE and EE in the region. Existing concerns include: More assistance with integrated resource planning in OECS countries. More support for educational institutions to develop more practical curricula and deliver training to the market practitioners Its strategic programmes include: 1. Knowledge Management and Transfer 2. Energy Access 3. Sustainable Business and Industry Programme The major funders of the CCREEE programmes are United Nations Industrial Development Organization (UNIDO) and the Government of Austria who also work in partnership with other regional stakeholders listed in section 3.16. One key partnership is with the Credit Risk Abatement Facility (CRAF) which is a new initiative developed by the CARICOM Development Fund (CDF) with assistance from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) and the CARICOM Energy Unit. One key objective is to incentivise additional lending to MSMEs for renewable energy and energy efficiency projects in the Caribbean. 3.16.4 | CARIBBEAN COMMUNITY CLIMATE CHANGE CENTRE 5Cs was approved by CARICOM in 2002 and became fully functional in 2004. It is now a registered accredited entity (AE) for the green climate fund (GCF). Its mandate is to coordinate the Region’s response to climate change and help countries to adapt and build resilience. As a regional stakeholder, it aided in the development and implementation of pilot projects which demonstrate the depth of its operations including: - a) The installation of a Saltwater Reverse Osmosis (SWRO) System, using a renewable energy source on the Island of Bequia in Saint Vincent and the Grenadines b) The development of the CARICOM Regional Framework for Achieving Development Resilient to Climate Change (2009 –2015) and its implementation Plan (2011-2021) Using donor funds, it currently invests over 40% of its resources in the area of mitigation, with a focus on actively combining mitigation and adaptation interventions. GCF funding is accessed through country focal points 4. Sustainable Transport 5. Finance and Project 6. Support 7. Climate Resilience 8. Sustainable Buildings Programme

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The Renewable Energy Industry in CARIFORUM Countries