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Caribbean renewable energy forum to be launched later this year

Montego Bay in Jamaica will be the venue for the launch of the Caribbean Renewable Energy Forum (CREF) on October 15 and 16 this year.


CREF is the region’s first comprehensive public-private sector event dedicated to driving forward renewable energy implementation across the Caribbean. The Forum will assemble an influential audience of regional energy decision-makers and international providers of financing, technology and regulatory expertise.


CREF, which is hosted in association with Caribbean-Central American Action (CCAA), has institutional backing from the Organization of American States (OAS), Caricom, the Inter-American Development Bank (IADB), the Overseas Private Investment Corporation (OPIC), the Caribbean Electric Utility Services Corporation (Carilec), and other key stakeholders in the region’s renewable energy sector.


The Forum keynote address will be given by Bruce Golding, Prime Minister of Jamaica. He is joined on the agenda by renewable energy leaders from the Caribbean, the US and Europe.


Over the course of two days CREF’s speakers and participants will debate and analyse:


* How to secure financing for renewable projects in challenging economic times
* How the Caribbean can encourage global investment in its renewable energy sector
* The type of regulatory environment we need to ensure the long-term success of the Caribbean renewable energy sector
* What the Caribbean can learn from renewable energy success stories in the region and world-wide
* The optimum cutting-edge wind, solar, hydro, waste-to-energy, biomass and geothermal technologies for Caribbean implementation


Says Forum Chairman, Jerry Butler, who until recently served on the Board of Executive DIrectors of the Inter-American Development Bank (IADB), “We are hopeful that the Caribbean will never see oil prices rise above US $100 per barrel, but realistically we know that today’s cheap oil is at best a short term phenomenon. We cannot forget last year’s US $147 per barrel prices. We cannot be lured back into complacent dependence on imported oil. The Caribbean needs to start planning for long term sustainable energy security. Our fragile island states are simply too vulnerable to oil shocks. CREF will serve as the region’s annual score card for renewable energy implementation. CREF will also act as a catalyst to ensure that we sustain vital momentum towards our renewable energy goals through these challenging economic times.”


Says Matthew Perks, CREF’s Executive Director: “No-one disputes the extent of the renewable opportunity across the region. The challenge is to put in place the right regulatory structure, the right financing, and the right technology. We aim to bring all of the above to Jamaica in October.”


Source: Caribbean Net News



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