Ms Anita Hankey, Acting Head - Renewable Energy Division, Trinidad and Tobago speaks on the IRRP

As CCREEE works with Trinidad and Tobago's Ministry of Energy to establish an Integrated Resource and Resilience Plan (IRRP), Ms Anita Hankey, Acting Head of the Renewable Energy Division speaks to the importance of the plan for this CARICOM Member State. CCREEE is also working with other Member States to establish IRRPs.

Emerging Energy Solutions : Battery Storage – A Primer

Battery technology is evolving at a breathtaking pace. As performance improves and costs fall, batteries are already critical for consumer electronics, such as mobile phones, and are paving the way for the electric vehicle market. The battery revolution doesn’t end there. Battery systems are also transforming intermittent renewable energy - such as solar and wind - by making them much more financially attractive. Investors are taking notice. But while the versatility of batteries makes them attractive, it is difficult to determine their economic value. Understanding where and why batteries are most successful remains challenging, as each situation is different based...

Economic Analysis of Battery Energy Storage Systems

The recent advances in battery technology and reductions in battery costs have brought battery energy storage systems (BESS) to the point of becoming increasingly cost-effective projects to serve a range of power sector interventions, especially when combined with PV and where diesel is the alternative, or where subsidies or incentives are used. Quantifying the economic impact of BESS requires a high level of temporal granularity in the analysis, because the time-steps required for a reliable assessment of costs and benefits are much shorter than the usual annual time steps of many power sector investment projects. In short, there is as...

COVID-19 and the Energy Sector: Perspectives for Policymakers

Emerging Energy Solutions : The Rising Tide of Offshore Wind

Offshore wind—harvested by turbines anchored in the ocean - can provide a large scale, affordable renewable energy source allowing the shift away from coal and fossil-based power in many regions by 2050. The transition to more renewable energy would allow climate change mitigation, energy security, reducing the dependency on fossil fuel imports, local air pollution, and creating new jobs. The Rising Tide of Offshore Wind is in a series of publications by the International Finance Corporation, a member of the World Bank Group.

Emerging Energy Solutions : Floating Solar Photovoltaic on the Rise

A significant benefit of floating solar is that it doesn’t take up valuable space on land - meaning that it can be used for other purposes, such as farming or construction. Installing floating solar farms on bodies of water, such as reservoirs, avoids this issue. Hydropower reservoirs alone cover a surface of more than 250 thousand square kilometers worldwide - enough to host enough floating solar capacity to produce 2.5 times the electricity produced by all the underlying hydropower capacity. As the technology develops, the costs and technical challenges are expected to fall. Demand for floating solar power will also...

A Review of Integrated Urban Planning Tools for Greenhouse Gas Mitigation : Linking Land Use, Infrastructure Transition, Technology, and Behavioral Change - Technical Paper

Achieving the Sustainable Development Goals (SDGs) over the next 30 years will critically depend upon urban land use and infrastructure development actions taken across multiple sectors (buildings, energy, transportation, water-sanitation, and waste) in global cities. Integrated urban planning addresses a multiplicity of urban sustainability objectives (e.g., economy, environment, inclusivity, and resilience) (GPSC, World Bank 2018), including cross-sectoral and cross-scale linkages (Ramaswami et al. 2016) and connection of physical planning with social, cultural, behavior, and policy dimensions. The objective of this report is to review the state of knowledge (science) and the state of practice (models actually used by cities for...

Transformational Climate Finance : Donors' Willingness to Support Deep and Transformational Greenhouse Gas Emissions Reductions in Lower-Income Countries

This paper uses simple analytical models to study high-income donor countries' willingness to pay to supply mitigation finance to low-income countries; how this depends on modality for finance supply; and how it changes as the global greenhouse gas mitigation agenda moves forward. The paper focuses on two modalities: transformational project-based mitigation finance (transitioning from fossil to non-fossil energy use at scale), and transformational policy-based mitigation finance support (implementing comprehensive carbon taxation). These modalities are compared with conventional finance for which donors have lower willingness to pay. High-income countries' willingness to pay is higher when mitigation is combined with carbon taxation;...

2018 Energy Report Card – Barbados

The 2018 Energy Report Card for Barbados provides an overview of energy sector performance and includes energy efficiency, projects, technical assistance, workforce, training and capacity building information, subject to the availability of data. Key Words: ERC, Energy Report Card

Regional Electric Vehicle Strategy (REVS) Framework