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1OBJECTIVES AND GUIDING PRINCIPLES THE GOVERNMENT OF GRENADA RECOGNIZES THE IMPORTANCE OF establishing an energy development strategy to foster the sustainable development of Grenada. The Government’s vision is to ensure access to affordable, equitable, and reliable energy sources and services to drive and secure national development, and to improve the quality of life for all of its citizens. The Government is therefore committed to: N Facilitate the integration of renewable energy sources into the national energy mix; N Guarantee the judicious development of the island’s indigenous hydrocarbon resources; N Guarantee social inclusiveness and equity to access to energy; and N Build a more competitive, productive economy. This document serves as the guideline for the Government to achieve sustainable energy and low carbon development. Further its purpose is to: N Create an appropriate, enabling and dynamic incentive regime, both regulatory and institutional, to achieve a more diversified and sustainable energy sector; N Place energy sector management and development within the framework and principles of sustainable development to facilitate the transition to sustainable energy production and use; and N Use energy as a tool for sustainable development and build resilience into a newly restructured economy to guarantee its citizens a sustainable quality of life. Since the overarching goal of this energy policy is to contribute towards the sustainable development of Grenada, it is prudent to place this energy policy within the framework and principles of sustainable energy development and the St. Georges’ Declaration of Principles for Environmental Sustainability in the OECS.2 Therefore this National Energy Policy is guided by the following principles: N Energy Security – Ensure affordable and reliable supply of energy sources to sustain long-term socio-economic development; N Energy Independence – Achieve reduced national reliance on imported energy sources; N Energy Efficiency – Maximize the efficient use of energy resources; N Energy Conservation – Ensure significant energy conservation in the production and end-use of energy, in particular the consumption per capita; N Environmental Sustainability – Prioritize clean and sustainable energy technologies to transition to a lower carbon economy and reduce potential environmental or public health effects associated with energy production and consumption; N Resource exploitation – Avoid the irresponsible exploitation of energy resources beyond the regeneration capacity; N Energy Prices – Ensure rational and effective market conditions and energy services to lower energy prices for the consumer; and N Energy Equity and Solidarity – Ensure that all sectors of society have access to affordable and reliable energy services. This also entails securing and leaving enough energy resources for the next generations to satisfy their future needs. For the purposes of this document the energy sector stakeholders are government, house- holders, the business, industrial and commercial sectors, interested NGOs, professional, consumer and industry associations, and energy service providers GRENLEC, the petroleum products importers and distributors and energy service companies. 1 2. OECS ESDU website: http://www.oecs.org/ESDU/SGD.htm THE NATIONAL ENERGY POLICY OF GRENADAPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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