National Energy Policy 2024-2045:

On 16 April 2024, Cabinet approved the updated National Energy Policy 2024-2045 and the accompanying Implementation and Monitoring Plan. This is the first update to the National Energy Policy since its initial approval by the Cayman Islands Government in 2017. Following an extensive consultative process as well as constructive dialogues and stakeholder feedback, the updated National Energy Policy includes revised targets, new definitions, and strategies to ensure market fairness and consumer inclusion. The Policy will be reviewed in two years, to ensure that the goals and implementation strategies remain feasible and aligned with global efforts to combat climate change.

The Vision of the National Energy Policy is:

“Enhancing and embracing a sustainable lifestyle through responsible and innovative energy supply and consumption”

The NEP has established the following high-level targets: