WHY CAYMAN? WHY NOW?
Caribbean economies suffer from some of the highest electricity prices in the world. Despite their abundance of renewable energy sources, Cayman has a relatively low level of renewable energy penetration; the economy continues to spend a large proportion of its GDP on imported fossil fuels.
The Caribbean Transitional Energy Conference (CTEC) is about building our resilience as a small nation, about diversifying our energy sector and the way that we do business.
It is about ensuring sustainable social and economic growth through strong leadership, recognising the threat of climate change and the vulnerability of islands across the world and voicing our commitment to take the measures that we can take now.
A MODEL FOR ISLANDS
CTEC 2018 will provide a forum to engage partners across the private and public sector that can make our transition to 100% renewable possible, positioning the Cayman Islands alongside other pioneering islands and providing an essential milestone in our renewable future.
This is an opportunity also to demonstrate our own unique model, showcasing public sector commitment to drive a low carbon future.
WITH THIS EVENT, WE AIM TO:
- Set out commitment to working towards 100% renewable energy
- Contribute to the platform of experience and knowledge being developed by other neighbouring islands
- Identify the partners and process for energy transition in Cayman
- Engage all stake holders; from the government, the utility and the private sector to culminate a shared vision for benefit of all
- Engage the market in the clear commercial opportunity that this transition presents in the Cayman Islands and across the region
- Support the development of new business opportunities in Cayman and enhance the sustainability of our existing businesses