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ANNEX V – OFFSHORE HYDRO- CARBON PROGRAMME Offshore Hydrocarbon Programme To implement its offshore programme, the Government will take the following steps: N Reach agreements with relevant governments on the delineation of maritime bound- aries which could impact on shared reservoirs, joint operating agreements or unitisation of resources. N Conduct all seismic and other activities preparatory to the development of contracts for exploratory or production programmes. N Position itself to award contracts for exploration. This shall be achieved by hiring a consultant and preparing the relevant “data package” for distribution amongst bidders whose interest and involvement will be invited through a competitive bidding process. N Establish a legislative framework for the offshore hydrocarbon programme. N Ensure that critical Strategic Environmental Assessments (SEAs) and recommended preventive and mitigation measures are conducted. N Establish an equivalent to the Norwegian “Oil for Development” model to ensure that the revenues gained from any sales of finite resources are channelled towards the sustainable development of the island, including the use of renewable energy sources to meet long term domestic demand. N There is no intention to build a refinery at this time, however, this will be revisited if or when hydrocarbon reserves are found and quantified. Hydrocarbon resources will be used to offset national consumption in conjunction with renewable energy resources. Energy Efficiency Act The Government will enact an Energy Efficiency Act, which will contain, inter alia, the following provisions: N Mandate special commercial building planning regulations – for example: no new hotel will be granted planning permission without a specified contribution of solar-heated water, etc; N Require the use of appropriate energy efficiency standards and building codes for ventilation, cooling, water- and process-heating, lighting and motive power equipment in institutional, commercial and industrial buildings; N Require all government buildings of a certain size to have periodic energy audits and compliance audits and their results published; N Mandate the compilation and publication of sectoral benchmarking data (e.g., kWh per hotel room-night for the hotels sector); N Require certification of energy auditors; N Require commercial banks to provide financial incentives for investments in energy efficiency to businesses and homeowners. This would be competitive, but based on a minimum level to start with – e.g., all new home mortgages could include a $5,000 interest-free amount for the purchase and installation of a solar water heater; N Mandate specified fuel efficiencies for imported vehicles; N Require training in ’eco–driving’ practices for public and private sector organisations; N Develop, monitor, publish and update indicators of national energy consumption and efficiency (e.g. energy intensity - amount of energy required to produce a unit of GDP) ANNEX VI – ENERGY EFFICIENCY ACT 33 THE NATIONAL ENERGY POLICY OF GRENADA ANNEX V-VIPDF Image | THE NATIONAL ENERGY POLICY OF GRENADA
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