Topic: Encouraging Alternative Energy
Country: Trinidad and Tobago
Delegate Name: Ashia Beason
School: Forest Hills Northern High School
Topic page: background guide and all position papers All Trinidad and Tobago position papers GLIMUN 2015 committees
Trinidad and Tobago is overall pleased to be in this committee. Trinidad and Tobago is one of the most prosperous countries in the Caribbean, being the leading Caribbean producer of petroleum and natural gas. That being said, it also attracts considerable foreign direct investment, particularly in energy. Therefore, Trinidad and Tobago is heavily dependent on these resources.
Given its abundant domestic fossil fuel resources, Trinidad and Tobago has little economic motivation to to explore and expand renewable energy generation, However, it is taking steps to prepare their foundations to support renewable energy and energy efficiency technologies, with about 99.8% of the country still using fossil fueled energy and about 0.2% using other renewable sources of energy. Past support for renewable energy and energy efficiency includes tax credits for installations of equipment, tax exemptions for imported equipment and depreciation accounting benefits.
Trinidad and Tobago has a growing interest in the use of alternative energy resources and believed it to be a splendid idea for various reasons, to address the issue of climate change, possibly developing new economic sectors, and reducing the government's fuel subsidy liabilities. Trinidad and Tobago was also an active supporter of The Sustainable Energy Action plan in 2013, and hopes to further aid in the spread of alternative energy sources.
Central Intelligence Agency. Central Intelligence Agency, n.d. Web. 05 Nov. 2015.
"Wind LCA Harmonization (Fact Sheet), NREL (National Renewable Energy Laboratory)." (2013): n. pag. Nrel.gov. Web.
