The Renewable Energy Industry in CARIFORUM Countries

INTRODUCTION | SCOPE | GLOBAL APPROACH TO RE INDUSTRY

1.5 | SCOPE The assignment covered all the stakeholder groups (shown in section 2.1) across 15 CARIFORUM countries including Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, Saint Lucia, St. Vincent and the Grenadines, Suriname and Trinidad and Tobago. It is important to note that Caribbean Export’s rationale for this study is based on their mandate to improve the competitiveness of micro, small and medium sized enterprises (MSME) in CARIFORUM. RE is expected to assist businesses to access a less expensive energy service which will allow them to be more competitive and support greater exportation of products and services. In turn, this implies the Several international institutions have been working in the Caribbean region in the RE sector to assist countries in attaining their goals and targets set as part of their international responsibilities topositively impact the effects of climate change. Institutions which lead these efforts include the Green Climate Fund (GCF), Inter-American Development Bank (IDB), European Union (EU) and others. They support countries in relation to reducing emissions from several sources including electricity generation, transportation and other business and personal 1.5.1 | GLOBAL APPROACH TO RE INDUSTRY

development of capabilities on the supply side to deliver engineering, procurement and construction and other services, with the inherent potential for the diversification and enhancement of regional exports. To this extent, some technical areas are not focused on; like integrated resource planning (IRP), grid and utility challenges, etc. The relationship between energy and MSMEs is further contextualized in the sections below.

activities. These interventions are driven by a global agenda overseen by the United Nations Framework Convention on Climate Change (UNFCCC) and focused on Climate Change. This effort includes RE andEE andengages the attention of theGovernment Ministries responsible for energy, environment and others.

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The Renewable Energy Industry in CARIFORUM Countries