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STEPS FORWARD TO GRENADA’S LOW CARBON DEVELOPMENT 17 Maximising Energy Efficiency Launch and Conduct a National Awareness Programme Conduct and Evaluate Public Sector Conservation Programme Continuously Review Economic Instruments to Spur Energy Efficiency Transition to Renewable Energy for Domestic Demand Complete Feasibility and Construct a 20 MW Geothermal Plant Construct an Additional 20 MW Geothermal Plant Construct a 2.5 MW Wind Turbine for Carriacou Achieve 10% Electricity Generation by Wind & Solar PV Establish Vehicle Fuel Efficiency Standards Achieve 20% Market Penetration with Hybrid and Electric Vehicles Offshore Hydrocarbon Programme Development Select a Licensing Round Advisory Firm Resolve Existing Contractual Issues Conduct a Strategic Environmental Assessment Complete Seismic Data Surveys and Contract Management Process Conduct Marketing of Licensing Round & Sale of Data Packages Development and Conduct of Bid Process Contract Negotiation and Bid Award for Exploration and Production Revenue Generation Source Grant and Concessionary Financing Generate Carbon Credits from Project Activities Develop and Submit for Funding Nationally Appropriate Mitigation Actions Sale of Offshore Data and Bid Packages Generate Royalties from Hydrocarbon Sales Regional and International Initiatives Participate in Regional and International Sustainable Energy Initiatives Strengthen Linkage between Energy Policy and Climate Change Negotiations Review Participation in Petrocaribe Participate in the Energy and Climate Partnership of the Americas Contribute to the Development of a CARICOM/OECS Energy Policy Special Energy Projects Provide & Subsidise Energy Services to Very Low Income Households Concluding Vision This National Energy Policy is intended to set Grenada on a journey to sustainable development with low carbon strategies as the principal driver. THE NATIONAL ENERGY POLICY OF GRENADAPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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