The session will focus on supporting economic growth and sustainability in island states through clean energy development and the importance of integrated resource planning in this process. Many island states have historically been dependent on imported fossil fuels for power generation, however reliance on these imports can lead to high macroeconomic vulnerability from fuel price volatility and high electricity costs at the consumer level. A growing number of island states are preparing for fundamental changes to their energy mix through the development of Integrated Resource Plans (IRPs) and new power generation plans.
Transitioning to clean power generation can provide island states with improved energy security and independence, support local economic development, and combat climate change and other negative local environmental impacts. Ricardo Energy and Environment has supported various states in clean energy development plans. This session will showcase best practices and lesson learned for clean energy planning and discuss the future of integrated resource planning in island states.