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Energy Future
1. Energy Future In The Cayman Islands The Cayman Institute
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6. Why Energy Security is Important Cayman is subject to all of the following: Fluctuations in Fuel Prices Interruptions in Supply Loss of Existing Sources Loss of Economic Viability Negative Environmental Impacts
7. Benefits How Do We Achieve It Total Energy Security In Cayman UK Govt. Cayman Govt. Key Industries All Residents Entrepreneurs Energy Policy Legislation Regulation Partnerships Incentives Lower Prices Carbon Credits New Govt. Revenue New Businesses (JOBS) Zero Emissions Stakeholders PR Campaign
9. Again, this is a short term cost replaced with new business, new Caymanian jobs and new duty rates which are non existent today The cost associated with Policy creation, legislation and regulation drafting and approvals This is a short term incentive to get the public’s attention and to spur new business Time Revenue from CUC Duty on Products Short Term Costs Benefits What will this cost?
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14. Summary – Benefits To All Guaranteed Supply of Fuels Lower Overall Costs for Energy Increased Revenues for Govt. Sustainable Economic Viability Energy Independence Responsible Environment Mgmt ENERGY POLICY & LAW PROTECTED WAY OF LIFE