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Energy Future  In The Cayman Islands The Cayman Institute
The Issue ,[object Object],[object Object]
Agenda ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Energy Security ,[object Object]
Why Energy Security is Important ,[object Object],[object Object]
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     
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
The Look of Tomorrow’s Energy
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?
What Government Could Do Provide Incentives   Establish  Partnerships Draft Energy Legislation  Members Motion                                                                               ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Energy Security __________________ = VALUE for Cayman ,[object Object],[object Object],How Much Does Cayman Risk –  If It Won’t Act To Protect Its Way Of Life?
What Would the Policy Provide   ,[object Object],[object Object],[object Object],[object Object]
What Could the Legislation Provide   ,[object Object],[object Object],[object Object],[object Object]
The Economics Make Sense ,[object Object],[object Object],[object Object],[object Object]
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
Thank You

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Energy Future

  • 1. Energy Future In The Cayman Islands The Cayman Institute
  • 2.
  • 3.
  • 4.
  • 5.
  • 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
  • 8. The Look of Tomorrow’s Energy
  • 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?
  • 10.
  • 11.
  • 12.
  • 13.
  • 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