Grenadines

Charlotte

Saint Andrew

Saint David

Saint George

Saint Patrick

Saint Vincent and the Grenadines

Reduce projected electricity generation by 5% by 2015 and 15% by 2020 by 2015, 2020 against a 2010 baseline

30% of electricity from renewable sources by 2015, and 60% by 2020

Reduce projected consumption of fossil fuels in the transport sector by 10% by 2015 and 15% by 2020 by 2015, 2020 against a 2010 baseline

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To empower and support civil society organisations (CSOs) and community-based organisations (CBOs) in developing countries to implement high-impact and innovative initiatives that deliver climate change adaptation and environmental benefits in an inclusive manner.

The project aims to support eight (8) countries to prepare and submit Initial Biennial Transparency Reports (BTR1s) and combined Third National Communication/BTR1s (NC3/BTR1s) that will comply with the United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Agreement reporting requirements, while responding to its national development goals.

To catalyze systemic adaptation and resilience of fisheries, ecosystems and communities in the Caribbean to climate change (CC) and disasters through an ecosystem-based approach

Financing commercial Geothermal Energy (GE) projects whilst strengthening legal and regulatory frameworks to underpin the development of GE potential in the East Caribbean region.

The five East Caribbean states of Dominica, Grenada, Saint Kitts & Nevis, Saint Lucia and Saint Vincent & Grenadines have small and isolated electricity markets that depend heavily on imported liquid fossil fuels for electricity generation. Geothermal Energy (GE) presents the largest available renewable energy resource, with the potential to provide low cost, reliable electricity generation.

The main barriers to GE development are the high investment cost, high uncertainty during early development stages, lack of access to capital and ability to finance through public debt, inadequate regulatory and policy frameworks, and other factors such as lack of technical skills and economies of scale.

The Sustainable Energy Facility for the Eastern Caribbean will address these financial, technical and institutional barriers by providing institutional strengthening and capacity building, and provide a financing package including concessional loans and reimbursable grants to mitigate exploration and other underlying risks and unlock investments in GE by the private sector, critical to develop GE projects in the region. The end result will be to deliver GHG Emission Reductions of 9.4 million TCO2e during the lifetime of the programme.

The project has an estimated lifespan of 8 years.

Geography

Saint Vincent and the Grenadines

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