GEORGE TOWN, Wednesday June 2, 2011 – Facing several challenges in the energy sector that could impede the future development and success of the country’s economy, the Cayman Islands government is moving towards developing a National Energy Policy.
A 15-member National Energy Policy Committee (NEPC), has been tasked with developing that policy which Deputy Premier and Minister of Administration, Works, Land and Agriculture Juliana O'Connor-Connolly is greatly needed.
"We are almost 100 percent dependent on fossil fuel to meet our energy needs. Water and electricity production and transportation are heavily reliant on these imported fuels and these areas are all important cornerstones of our economy and society," she said.
"The challenges associated with oil reliability, affordability and security, as well as the environmental impact are all major concerns facing our relatively small country. As a government, we must address them; we feel a clear national plan to manage the energy sector is needed going forward, hence the appointment and remit of this committee."
The NEPC is not limiting its work merely to the electricity sector. It is tasked with looking at all aspects of energy requirements and use, including transportation, gasoline products, water supply, building codes, and environmental issues, as well as ensuring dependable product supply lines so that residents receive future continuity of necessary services.
The Committee will also be working closely with the Electricity Regulatory Authority to promote renewable energy systems for the Cayman Islands which will help in reducing the dependency on oil-based products.
NPEC Chairman Cline Glidden said he is under no illusion regarding the daunting task that lies ahead. However, he remains upbeat about both the outcome and the committee.
"This is a policy that is timely in examining how we can reduce our dependency on fossil fuel and it is conducive with global environmental trends in seeking ways and means to decrease atmospheric pollutants. The challenges are many, but we need to be proactive rather than reactive," he said.
Glidden said the composition of the committee covers a good cross-section of the business community, with the sub-committees expected to attract even more numbers and stakeholders.
“I am confident that it will deliver on its remit in a timely manner,” the NPEC Chairman said, adding that the public will get the opportunity to contribute to the policy document.
No comments:
Post a Comment