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Further, CREDP has supported some participating countries in the drafting of a national energy policy (e.g., Dominica), assisted St. Vincent and the Grenadines in the draft of an energy policy statement, and conducted an analysis on the policy options for several countries. Regarding this exercise in particular, the extensive “Baseline Study of Energy Policies and Legislation in Selected Caribbean Countries,” undertaken by CREDP, and the joint study of CREDP/GIZ and CARILEC, The Status of Energy Policy in Selected Caribbean Countries, have proven instrumental in developing a greater understanding of the legal and regulatory framework governing energy sectors in select countries, energy sources and the electricity sector, the financial structures governing energy or renewable energy management and development, and barriers to development and implementation. CREDP, however, has experienced some significant setbacks regarding the development and implementation of a sustainable financing mechanism. Activities for the development of the CREF and CRETAF were halted in 2006. No budget was provided for the design of the loan guarantee mechanism, and the proposed alternative USAID Development Credit Authority proved unfeasible (CARICOM 2008). Lastly, it would have been useful if the studies conducted by CREDP and CREDP/GIZ covered all the project’s beneficiaries to provide a more comprehensive picture of the circumstances surrounding renewable energy development in the Caribbean. 2.1.5 Organization of American States Global Sustainable Energy Islands Initiative (2002, Ongoing) The Global Sustainable Energy Islands Initiative (GSEII) was launched at the Sixth Meeting of the Conference of the Parties (COP6) to the United Nations Framework Convention on Climate Change in November 2000, for the purpose of supporting SIDS in the transition to sustainable energy. The goals of the initiative include: reducing dependence on fossil fuels and eliminating related trade deficits, securing energy independence, reducing greenhouse gas emissions, and encouraging private investment and trade. Dominica, Grenada, St. Kitts and Nevis, and St. Lucia are among the project countries, and the Organization of American States counts as one of its global partners and principle executing agency within the Caribbean region. The strategy of the GSEII involves assisting project countries in the development of sustainable energy plans and other policies, capacity building, and project identification and development. In 2003, the OAS/GSEII prepared the “Draft Sustainable Energy Plans for Dominica, Grenada, and St. Lucia,” and in 2006 developed a plan for St. Kitts and Nevis. Other accomplishments included a study of line losses in the Dominica Electricity Services Limited (DOMLEC) energy distribution system (Dominica); solar water heater promotion (St. Kitts and Nevis); energy audits; and a training project for the hotel industry (St. Lucia). Over the past decade, GSEII has evolved into an ad-hoc mechanism allowing the several consortium partners—including the Climate Institute, AOSIS, ESG, and UNIDO—to build upon past efforts and activities in the Caribbean, and increasingly voicing and contributing to the international awareness of SIDS to influence global climate change mitigation. Despite the past accomplishments of GSEII, the actual adoption of the policy instruments noted here did not materialize under the program. Nevertheless, GSEII was instrumental in laying the foundation for the creation and design of the Caribbean Sustainable Energy Program. Later initiatives supported the redrafting and amendment of those same instruments produced under GSEII. 10PDF Image | Energy Policy and Analysis Caribbean
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