Project Description

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The CARICOM Energy Policy

Approved in 2013, the CARICOM Energy Policy promotes a shift to sustainable energy, through the increased use of renewable energy sources and improvements in energy efficiency. In implementing the regional energy policy, there is a requirement for country level harmonization of policies and actions in a number of key areas of commonality, such that:

  • The regulatory framework for promoting renewable power, as far as possible, include, inter alia, an Interconnection Policy that caters for the sale of excess power to the grid by both small scale renewable energy operators and commercial enterprises;
  • There is facilitation of renewable energy integration into the national grids, to include the upgrading of ageing transmission and distribution grids with modern, smart elements; and
  • There is increased cooperation and collaboration among complementary sectors related to energy including, inter alia, tourism, manufacturing, waste management, agriculture, water, climate change, and transport with increased inter-sectoral coordination and greater cooperation between the public and private sectors on sustainable energy matters

The Goal/ Vision of the CARICOM Energy Policy

Fundamental transformation of the energy sectors of the Member States of the Community through the provision of secure and sustainable supplies of energy in a manner which minimizes energy waste in all sectors, to ensure that all CARICOM citizens have access to modern,  clean and reliable energy supplies at affordable and stable prices, and to facilitate the growth of internationally competitive Regional industries towards achieving sustainable development of the Community.

In fulfillment of the Goal /Vision of the CARICOM Energy Policy and to assure access to affordable, adequate, safe and clean energy products necessary for the development of Member States and for the consolidation of the CSME (established by the Revised Treaty of Chaguaramas), the Community will develop a programme of regional actions in a coherent and comprehensive way in pursuit of the following objectives:

  • sustainable and secure energy supplies through diversification of energy sources;
  • accelerated deployment of renewable and clean sources of energy supplies towards increased energy supply diversification and affordability;
  • sustained growth of intra-Community trade in energy;
  • increased energy efficiency and conservation in all sectors, including the transportation sub-sector;
  • establishment and enforcement of labeling and standards for the importation of electrical appliances as well as standards for vehicles importation;
  • increased investment in production, transformation and distribution of viableenergy resources;
  • strengthening and enhancement of the human and institutional capacities in the Community energy sector;
  • programmed expansion of electricity generation, transmission, distribution and trade;
  • improved access to affordable energy by the poor and vulnerable;
  • greater use of renewable energy for electricity generation as well as in the transportation, industrial and agricultural sectors;
  • coordinated approach to exploring and establishing an institutional framework for leveraging financing mechanisms for the development of viable energy resources;
  • increased technology transfer and information sharing;
  • established regional and national targets for emissions reduction with corresponding mitigation actions;
  • strategies for maintenance of adequate energy reserves in the event of disasters; and
  • Strengthened research, development and innovation efforts in energy sector especially in areas of clean and renewable energy sources and technologies.

Adopted in 2013

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