An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana

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cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3755
cepal.docTypeSeries
cepal.idSade52225
cepal.jobNumberS2013857
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficePuerto España
cepal.topicEngENERGY
cepal.topicEngSUSTAINABLE DEVELOPMENT
cepal.topicSpaDESARROLLO SOSTENIBLE
cepal.topicSpaENERGÍA
cepal.workareaEngSUSTAINABLE DEVELOPMENT AND HUMAN SETTLEMENTS
cepal.workareaEngNATURAL RESOURCES
cepal.workareaSpaDESARROLLO SOSTENIBLE Y ASENTAMIENTOS HUMANOS
cepal.workareaSpaRECURSOS NATURALES
dc.contributor.authorNiel Gardner, Devon O.
dc.contributor.authorAlleyne, Dillon
dc.contributor.authorGomes, Charmaine
dc.contributor.institutionGerman Agency for Technical Cooperation
dc.coverage.spatialEngGUYANA
dc.coverage.spatialSpaGUYANA
dc.date.accessioned2014-03-11T19:58:17Z
dc.date.available2014-03-11T19:58:17Z
dc.date.issued2014-02
dc.descriptionIncludes bibliography.
dc.description.abstractGuyana, 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.
dc.description.tableOfContentsI. 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.
dc.formatTexto
dc.format.extent58 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3755
dc.identifier.unSymbolLC/CAR/L.406
dc.identifier.urihttps://hdl.handle.net/11362/35913
dc.language.isoeng
dc.physicalDescription58 p.; grafs., tabls.
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives Series (The Caribbean)
dc.relation.isPartOfSeriesNo27
dc.rights.coarDisponible
dc.subject.unbisEngENERGY RESOURCES
dc.subject.unbisEngENERGY POLICY
dc.subject.unbisEngRENEWABLE ENERGY SOURCES
dc.subject.unbisEngENERGY EFFICIENCY
dc.subject.unbisSpaRECURSOS ENERGETICOS
dc.subject.unbisSpaPOLITICA ENERGETICA
dc.subject.unbisSpaFUENTES DE ENERGIA RENOVABLES
dc.subject.unbisSpaRENDIMIENTO ENERGETICO
dc.titleAn assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Guyana
dc.type.coarlibro
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