An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana
Includes bibliography.
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ECLAC
2014
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Acceso en línea: | http://hdl.handle.net/11362/35913 |
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oai-11362-359132020-11-17T01:17:41Z An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana Niel Gardner, Devon O. Alleyne, Dillon Gomes, Charmaine German Agency for Technical Cooperation RECURSOS ENERGETICOS POLITICA ENERGETICA FUENTES DE ENERGIA RENOVABLES RENDIMIENTO ENERGETICO ENERGY RESOURCES ENERGY POLICY RENEWABLE ENERGY SOURCES ENERGY EFFICIENCY Includes bibliography. Guyana, like many CARICOM countries continues to depend on imported oil that fuels the electricity and transport sectors. Simultaneously, the high level of expenditure on oil reduces the financial resources available to invest in social development, environmental protection, adaptation to climate change and improving food security. The electricity sector in Guyana, in particular, offers significant opportunities for achieving reductions in fossil imports. However, fiscal and regulatory barriers to energy efficiency and renewable energy use are apparent in Guyana. This document seeks to identify these barriers and propose strategies that may be utilised to remove them. Consultations were held with experts from the energy agency as well as the ministries of finance and utilities in order to obtain data and information that will inform the analysis. It was found that an increasing demand for reliable, cost effective, accurately priced energy supplies is a major challenge to sustainable economic development in Guyana and the country experiences difficulties in accessing capital especially for smaller firms and lower to middle income households. The limited knowledge of the technical risks associated with renewable energy and energy efficiency projects limit local investments and opportunities for foreign capital and are affected by high transaction costs. Furthermore, the strategic removal of energy subsidies continue to undermine the economic case for improved energy efficiency and increased renewable energy use. Planning for renewable energy use within the Guyana energy sector remains wedded to utility scale hydropower replacement of fossil based thermal generation, as well as remote solar PV systems. However, the Levelized Cost of Electricity (LCOE) is indicative of other cost effective options. The substantive goal of the Government of Guyana should be related to the creation of a country in which there is equitable availability of energy intensive goods and services to its people that harmonizes economic growth, social progress and environmental stewardship. I. Introduction .-- II. Methodology .-- III. Identification of barriers to implementation of renewable energy technologies .-- IV. Identification of barriers to implementation of energy efficient measures .-- V. Benchmarking and quantitative aspects .-- VI. Recommendations .-- VII. Conclusions. 2014-03-11T19:58:17Z 2014-03-11T19:58:17Z 2014-02 Texto Documento Completo http://hdl.handle.net/11362/35913 LC/L.3755 LC/CAR/L.406 en Studies and Perspectives Series - The Caribbean 27 .pdf application/pdf GUYANA GUYANA ECLAC |
institution |
Cepal |
collection |
Cepal |
language |
English |
topic |
RECURSOS ENERGETICOS POLITICA ENERGETICA FUENTES DE ENERGIA RENOVABLES RENDIMIENTO ENERGETICO ENERGY RESOURCES ENERGY POLICY RENEWABLE ENERGY SOURCES ENERGY EFFICIENCY |
spellingShingle |
RECURSOS ENERGETICOS POLITICA ENERGETICA FUENTES DE ENERGIA RENOVABLES RENDIMIENTO ENERGETICO ENERGY RESOURCES ENERGY POLICY RENEWABLE ENERGY SOURCES ENERGY EFFICIENCY Niel Gardner, Devon O. Alleyne, Dillon Gomes, Charmaine An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
description |
Includes bibliography. |
author2 |
German Agency for Technical Cooperation |
author_facet |
German Agency for Technical Cooperation Niel Gardner, Devon O. Alleyne, Dillon Gomes, Charmaine |
format |
Texto |
author |
Niel Gardner, Devon O. Alleyne, Dillon Gomes, Charmaine |
author_sort |
Niel Gardner, Devon O. |
title |
An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
title_short |
An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
title_full |
An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
title_fullStr |
An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
title_full_unstemmed |
An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana |
title_sort |
assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in guyana |
publisher |
ECLAC |
publishDate |
2014 |
url |
http://hdl.handle.net/11362/35913 |
work_keys_str_mv |
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