Description/achievement of initiative
The partnership aims at the establishment of the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) under the umbrella of the CARICOM Energy Policy. The regional centre of excellence will support the Caribbean Island Countries and Territories (CICTs) in the creation of an enabling environment for sustainable energy investments and markets by mitigating existing barriers. The centre will coordinate and implement programs, projects and activities in the areas of capacity and policy development, information and data sharing, as well as investment and business promotion. It will demonstrate leadership in the coordination of donor activities and will act as regional hub for sustainable energy issues and activities.
The creation of the centre responds to the difficult energy situation in many of the Caribbean islands. The countries are facing the challenges of access to affordable energy services, energy security and climate change mitigation and adaptation simultaneously. There is a common understanding that a coordinated regional approach is a cost-effective way to address the existing barriers for renewable energy (RE) and energy efficiency (EE) investments and markets in the Caribbean. The centre of excellence will address the following barriers: a.) Weak execution of sustainable energy policy commitments (e.g. laws, standards, incentives); b.) Standard procedures to guide the involvement of Independent Power Producers (IPPs) or Public Private Partnerships (PPPs) are weakly implemented;c.) Lack of capacities of local energy training institutions and other RE&EE market enablers (e.g. utility experts, project developers, banks, installers); d.) Lack of local RE&EE consultants and hardware and service companies; e.) Weak experience of utilities with RE grid integration and management of grid losses and energy management standards;f.) Lack of coordination and strategic steering of ongoing RE off-grid activities; g.) Due to small island markets and high transaction costs investors are hesitant to invest; h.) Lack of awareness on the economics and technical feasibility of RE technologies and EE measures (e.g. standards for buildings and appliances, demand side management)
Arrangements for Capacity-Building and Technology Transfer
The establishment of regional train-the-trainer networks and south-south/north-south partnerships for knowledge and technology transfer will be a core activity of the centre. The centre will cooperate closely with other regional centers such as the Pacific Centre for Renewable Energy and Energy Efficiency (PCREEE) and the ECOWAS Center for Renewable Energy and Energy Efficiency (ECREEE).
Coordination mechanisms/governance structure
The Secretariat of the centre will be hosted by one of the existing energy institutions in the Caribbean and work in accordance with local rules and procedures. The centre will be governed by an Executive Board and work through a network of National Focal Institutions (NFIs) among various Caribbean islands. The preparatory process for the centre is coordinated by CARICOM in close partnership with UNIDO. The process is supported by the Austrian Development Cooperation (ADC), SIDS DOCK and GIZ.