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2.1.6 Caribbean Sustainable Energy Program (2008, Ongoing) In 2008, the OAS officially launched the European Commission–funded project, “Increasing the Sustainability of the Energy Sector in the Caribbean through Improved Governance and Management.” The working title for the project is the Caribbean Sustainable Energy Program. The program is being executed by the OAS, and draws on the support of CSEP partners, including the Caribbean Energy Utility Services Corporation, the Caribbean Community Secretariat, the Caribbean Renewable Energy Development Programme (including collaboration with GIZ), and the Renewable Energy and Energy Efficiency Partnership (REEEP). The CSEP is designed to accelerate the transition toward cleaner, more sustainable energy use in the same seven countries reviewed in this study. This is to be accomplished through a comprehensive approach to mitigate the governance and management obstacles (including addressing the need for national energy policies and action plans) that currently impede the development and use of sustainable energy in the region. The role of the CSEP in energy policy development—and whether and to what extent it has added any value to sustainable energy development in the OECS and the Bahamas—is discussed below. 2.1.7 Other Initiatives There are multiple short-term initiatives and projects being implemented by multiple regional and extra- regional entities in the Caribbean, of which some are described in Appendix A. Among these, the Low Carbon Communities in the Caribbean initiative differs in that it has a narrowed scope focused on providing technical assistance to selected nations with the goal of supporting the deployment of renewable and energy efficiency projects. The LCCC phase one project is being implemented with financial support from the U.S. DOE and EUEI (donor entities), NREL (technical assistance entity), and matched with the OAS (regional multilateral organization) to provide targeted assistance in line with existing (draft) national energy policy and action plan priorities and targets of the respective project countries. The recently launched Energy and Climate Partnership of the Americas’ Caribbean Initiative (2010, ongoing) is designed to assist this process of improving regional integration among nations, and among donor agencies, technical assistance entities, and other relevant entities. It also is intended to facilitate the matchmaking between donors, specialized technical entities, multilateral organizations, regional governments, and the private sector once bankable projects are identified. 2.2 Evolution of Petroleum Consumption The global oil crisis significantly impacts domestic oil consumption in the Caribbean. This makes it difficult to determine whether the efforts outlined above have had demonstrable impact. In general, the oil consumption in the region has increased, as illustrated by Figure 2 and Figure 3. In an attempt to confirm the correlation between oil consumption and international oil price, the price per country was calculated. The correlation was calculated with a 3-year moving average with the aim of identifying volatility of prices versus consumption rate. 11PDF Image | Energy Policy and Analysis Caribbean
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