Energy Future In The Cayman Islands

1. The Cayman Institute Energy Future In The Cayman Islands

2. The Issue • The United Nations has declared that small island states are vulnerable to economic and social collapse due to the instability of imported petroleum energy resources. • It is acknowledged by all scientists that fossil fuel supplies “WILL RUN OUT”. The only dispute is when. The best estimates are in less than 40 years.

3. Agenda • Energy Security • Why is it important? • How is it achieved? • What will it cost us? • What we’re asking Government to do. • How will Cayman benefit? • The Economics • Summary

4. Energy Security Maintaining access to affordable, energy resources in quantities necessary to protect Cayman’s national interests.

5. Why Energy Security is Important If petroleum supply is negatively affected, Cayman’s entire way of life is threatened. All of Cayman’s Water, Cooling, Transport and Electricity are all currently dependent upon oil.

6. Why Energy Security is ImportantCayman 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. Stakeholders Energy Policy Lower Prices Carbon Credits New Govt. Revenue New Businesses (JOBS) Zero Emissions UK Govt. Cayman Govt. Key Industries All Residents Entrepreneurs Legislation Regulation Partnerships Incentives PR Campaign How Do We Achieve It Benefits Total Energy Security In Cayman

8. The Look of Tomorrow’s Energy

9. What will this cost? Benefits Short Term Costs This is a short term incentive to get the public’s attention and to spur new business Duty on Products The cost associated with Policy creation, legislation and regulation drafting and approvals Time Again, this is a short term cost replaced with new business, new Caymanian jobs and new duty rates which are non existent today Revenue from CUC

10. What Government Could Do Energy Security __________________ = VALUE for Cayman • Duty Free Renewable Products • Discount for Renewable Licensing Provide Incentives Establish Partnerships • Local Companies • Businesses in energy • Carbon Credits • United Nations Development Program Draft Energy Legislation • Use Volunteers • Follow International Examples Members Motion • Create Energy Policy • Empower Energy Task Force How Much Does Cayman Risk – If It Won’t Act To Protect Its Way Of Life?

11. What Would the Policy Provide Vision for Fossil Fuel Energy Independence By 2020 Competition Statement for the Generation & Distribution of Energy Outline for Selling UK KYOTO Carbon Credits for Cash Promotion of Island Wide Alternative Energy Solutions

12. What Could the Legislation Provide The Immediate Importation of Alternate Fuel Vehicles Energy Sales from Feedback to Grid Term Limit for Duty Free Imports of Alternative Energy Products Increased License and Duty on Fossil Fuel Vehicles

13. The Economics Make Sense Hundreds of Millions Available to Assist Countries Achieve Energy Independence New Revenues from Hybrids and Alternate Fuel Vehicles New Business Opportunities in Commercial, Residential and Government Installations Reduced Energy Costs for Everyone

14. Summary – Benefits To All PROTECTED WAY OF LIFE ENERGY POLICY & LAW Guaranteed Supply of Fuels Lower Overall Costs for Energy Increased Revenues for Govt. Sustainable Economic Viability Energy Independence Responsible Environment Mgmt

15. Thank You