EU CARIBBEAN – SUSTAINABLE ENERGY CONFERENCE
The Caribbean region: challenges and opportunities for the energy transformation
Photo gallery | EU Caribbean Energy Conference
10-11 October 2016, Barbados
Why this event?
The Caribbean region is particularly vulnerable to external shocks due to its scattered insularity, the impact of climate change and high energy costs.
Despite the significant availability of domestic renewable energy resources, the region remains highly dependent on imported fossil fuels, which exposes it to volatile oil prices, poses an additional burden to highly indebted countries and limits economic development.
Transition to clean, affordable and efficient modern energy services is a cornerstone for sustainable development in the Caribbean region.
By acting on the major renewable energy potential through a conducive regulatory environment and an integrated market, with the EU’s support, the Caribbean can assume a leading role in the global effort to combat climate change, in line with the commitments taken in Paris at COP21 and with the Agenda 2030 on Sustainable Development.
Key expected outcomes of this event include the signing of a “Joint Declaration between the European Union and the Caribbean Forum (CARIFORUM) on reinforced cooperation in the field of sustainable energy” and the signature of five new support programmes in the renewable energy sector for the region, totalling EUR 54 million.
What is the purpose of this event?
The Conference is a two-day joint EU-CARICOM/CARIFORUM initiative designed to foster partnerships between the EU, the Caribbean, development partners and the private sector. The event is expected to unfold the potential of the Caribbean region and leverage investment towards achieving the region’s ambitious renewable energy goals.
The event aims to:
- promote a conducive regulatory and institutional environment for sustainable energy in the Caribbean;
- Bring together the EU, Caribbean countries, donors and the private sector to identify the opportunities for increased cooperation including business opportunities;
- Identify financial mechanisms for investments in renewable energy and energy efficiency;
- Showcase renewable energy experiences, services and technologies from island experiences in both Caribbean and EU.
By bringing together key figures in the development and energy field such as EU Commissioner Neven Mimica, SG of CARIFORUM Irwin LaRoque, PM of Barbados Freundel Stuart, this event will be the ‘launch pad’ for a solid, long-term cooperation between the Caribbean and the EU in the sustainable energy arena.
How is this event structured?
The event will be structured as follows: