As of: March 2015
Reform of the Electricity Sector to support Climate Policy in Grenada (G-RESCP)
Objective and activities
The aim of the project is to support the island state of Grenada in reaching its ambitious climate policy goals. The national electricity market will be opened up to competition and renewable energy (RE) and energy efficiency (EE) will be promoted. To achieve this, the Grenadian government will be supported in revising and amending legal principles, starting a dialog process with the main electricity supplier, developing a road map for greater use of RE and EE, and establishing an exchange platform for investors in RE and EE areas. This approach can potentially point the way forward for other regions.
Alongside the reduction of direct greenhouse-gas emissions, this project will reduce dependency on oil imports and consequently the burden on the government budget, the population and the private sector. EE measures and 'green marketing' will help strengthen the tourism, agriculture and light industry sectors, and create jobs.
Germany contributes 4.5 Million XCD to Grenada's Electricity Sector Reform (external)