1	ENERGY 2005-2006 Year In Review Energy Awareness Week 2006 Annual Energy Symposium Bay Gardens Hotel 24^th November 2006 E. Crispin d’Auvergne Sustainable Development & Environment Section Ministry of Physical Development, Environment & Housing
2	Global Oil Market
3	War & Global Oil Prices
4	Other Trends Increasing interest in biofuels Continued discussion in the “Hydrogen Economy” Solar Cooling receiving attention Wave energy and other renewables are also the subject of research Hybrid cars continue to increase market share
5	PetroCaribe GOSL and other Caribbean countries have made significant progress regarding details the operationalisation of the PetroCaribe initiative on a bi-lateral basis. Some indication of Saint Lucia as a possible storage point.
6	Wind Energy Wind measurements carried out on east coast over a 1-year period. Cabinet has recently approved the notification and publication of Acquisition of land for the wind farm (Sugar Mill area).
7	Geothermal Energy In 2004, GOSL entered into an agreement with U.N.E.C. for the exploration and tapping of geothermal resources. U.N.E.C. has also been in discussions with LUCELEC regarding Power Purchase arrangements. No movement to date regarding exploration.
8	Solar Energy Caribbean Solar Financing Project launched in 2005. Works with Credit Unions for solar heater financing for low income households. Response not as favourable as anticipated. Income range increased to allow middle-income access to financing.
9	Compact C.F.L. Bulbs CFL bulb project (with Climate Care) launched in 2005. Difficult to assess reductions due to absence of proper baseline. Climate Care interested in further work in this area.
10	Capacity-Building A number of persons have received training in, mainly through the CREDP/GTZ. Most recent exercise in the area of Wind Energy.
11	Kyoto Protocol Kyoto Protocol came into force in February 2005, 90 days after ratification by Russia. The Clean Development Mechanism of the Protocol offers opportunities for Developing Countries to benefit through the implementation of energy projects in these countries, by Developed Countries. Saint Lucia is yet to set up the institutional mechanisms for the C.D.M. However, it has been part of recent forums in this regard. Geographical concerns about the distribution of CDM investments. A recent (Stern) report points to the need to begin to invest now in efforts to address climate change.
12	Summary Overall, the last year has seen modest progress with respect to improvement in the energy landscape. There is clearly a need to move more rapidly from policy to meaningful action. Movement will require private-public collaboration. Saint Lucia must keep abreast of international trends.
13	Outlook The global oil market will continue to be volatile. There is some concern about the “side-effects” of bio-fuels. To move forward, Saint Lucia will have to take decisive action regarding policies and measures to address energy issues.
14	The Future of Oil Production?
15	The End. Thank you
16	National Policy Environment Stakeholder meeting held in April to review National Energy Policy Green Paper Revised draft circulated to stakeholders for (it was hoped) final review Comments received and passed on to consultant. Document to be finalized in consultation with key stakeholders.