Port-of-Spain, Trinidad and Tobago, 26 November 2018
The discussions on the topics addressed in the paper highlighted challenges associated with the energy sector in the Caribbean and other knowledge gaps to be addressed by further research. Among the perceived barriers to achieve convergence of energy, disaster risk management (DRM) and climate change polices and overcome the identified challenges, participants highlighted:
- Issues of governance in the energy sector as one of the main bottlenecks in terms of the modernization of the grid systems in the Caribbean.
- Solutions cannot be achieved by the public sector alone, it is important to engage the private sector and guarantee the cooperation among countries in the region.
- Finding sustainable and reliable financing sources for modernizing the energy sector is essential. Attracting and utilizing funds allocated for climate change adaptation and mitigation is a potential option.
- Energy planning and project design in the region needs to consider disaster risk management and addressing vulnerabilities in the existing model, such as the low insurance.
- Understanding sectoral energy demand as well as the potential for alternative sources and modalities of energy production and distribution is essential for developing a coherent and evidence-based energy strategy in the region.
UN symbol: LC/CAR/2019/1