Caribbean Renewable Energy Programme

The justification for CREDP grew out of the Caribbean's high dependence (98%) on fossil fuels for its electricity and the consequent air, land and water pollution. It was considered that fossil fuel prices might increase in the future, causing balance of payment problems and constraining private consumers. RE was viewed as a means of preventing such future constraints while reducing the region's primary source of greenhouse gas (GHG) emissions and enhancing its energy security. CREDP was envisaged as the mechanism to help remove the barriers and make RE a reality in the Caribbean.

Area of Evaluation: 

Mitigation

Thematic Cluster: 

Renewable energy

Theme of Evaluation: 

Renewable Energy

GEF Funding: 

Yes

Level of Evaluation: 

Regional

Region: 

Latin America and Caribbean

Type of Evaluation: 

Final Evaluation

Institution: 

UNDP

Year of Evaluation: 

2008