CREF 2019: Island Resiliency Action Challenge

Intended outcomes:

Collaboratively identify most critical regional resilience challenges
Identify the most critical immediate action we must challenge ourselves to accomplish within 12 months.
Leverage this action challenge into a collaborative, 12 month stakeholder engagement with follow up throughout the year.

Please fill out our survey - your grade and feedback matters!

Island Resiliency Action Challenge (IRAC) 2019 Agenda

Slido Data Summary - (very interesting data)

IRAC 2019 List of Participants

- pls confirm your information and add your email/contact info.
- If you are not on the list, pls add yourself and table number.

Winning Problem Statement:

The most urgent obstacle to greater energy resiliency for the island is:

Cost to Building Resilient Infrastructure and the Recovery of that Cost from Consumers while keeping Energy Prices Attractive to Investment

Allison Jean, Chief Executive Officer, National Utilities Regulatory Commission

Winning 12 month action:
Table 10: Design a regional blended financial instruments including equity, impact investment, mezzanine and debt as well as a risk mitigation window. Task Force Sign-up

90 day Milestone 1: Framework/action
90 day Milestone 2: define demand and participants
90 day Milestone 3: define regulatory tariff structure

Task Force Leader:

Racquel Moses, Chief Executive Officer, Caribbean Climate-Smart Accelerator

Deputy Task Force Leader:

Keisha Reid, Ministry of Energy and Water Resources, Government of Barbados

***Runner up and contender for CREF2020 IRAC Impact Award:

Table 4: Distributed, Resiliency Ownership Program DROP(c) Drop Rates Task Force Sign-up

90 day Milestone 1: Data Collection & Assessment for distributed energy resources
90 day Milestone 2: Cost benefit analysis REPORT
90 day Milestone 3: Utility and Gov sponsor of small pilot project

Task Force Leader: