Cuba’s energy matrix is heading in the direction of renewable energy, "No matter how long it takes, the course is already charted..", commented Luis Bérriz, president of Cubasolar, a Cuban NGO that for decades has prompted research and adoption of renewable energy sources. The Cuban government has declared its intention to increase its energy production to 24% from renewable sources by 2030, a significant change when compared with the current 4%. Specialists as Berriz, however, think that 4% underestimates some of the applications that renewables currently provide in Cuba. Another step in the direction of facilitating the integration of these technologies is Decree-Law No 345: "Development Renewable Sources and Efficient Use of Energy", approved by the State Council on March 23rd of this year.
Since the emergence of Cuba Strategies, Inc., its team has worked systematically to strengthen the bridges between the peoples of Cuba and the United States, as well as between Cuban emigres and our compatriots on the island. We are convinced that the ties that unite us are much more significant than any differences. It has also been part of our policy to acknowledge the well-deserved recognition of Cuban institutions and their professionalism in carrying forward the process of updating the Cuban economic system, as well as the diplomatic, economic and human challenges represented by the process of normalization of relations, initiated between both countries. We could not be more grateful to those who have received and helped us in both lands so that our modest project of contributing to a prosperous and sustainable Cuba can keep moving forward.
Dan Vermeer is a prestigious lecturer at Duke University in North Carolina; his career highlights include senior responsibilities at Coca Cola related to water management and sustainability/corporate responsibility before becoming the director of Duke’s University’s Center for Energy, Development and the Global Environment (EDGE) of the Fuqua School of Business. Professor Vermeer assists his MBA Energy Club students to identify potential challenges that stimulate their curiosity and technical ability: when his former colleague, Silvia Garrigo of CSI, suggested “Cuba” as potential area of study, Professor Vermeer immediately set up a series of calls and interactions which included his students and the CSI team.
Given Duke’s reputation and their quality of work, CSI enthusiastically embraced the collaboration. The University’s Energy Club itself is comprised of graduate students, many of whom already hold positions at top tier engineering companies in the United States.
On September 1st and 2nd, the Cuba 2016 Energy & Infrastructure Summit was held in Havana, Cuba. This forum brought together approximately 80 foreigner participants interested in energy sector investment opportunities in Cuba.
The Cuban government established in its programmatic documents the need to move towards an energy matrix that is covered by 24% from renewable energy technologies by 2030. In the Havana forum, moreover, Rosell Guerra, Director of Renewable Energy of the Ministry of Energy and Mines, said that the government's intention was to give this change a "sense of urgency", making clear the will to accelerate the process as much as possible.
The Agreement signed at the United Nations Conference on Climate Change COP21, held in Paris, has brought celebrations and also skepticism around the globe.
We have achieved a milestone with the first universal binding agreement to address the human impact on climate change. From this point on, countries will be required to review every five years their plans to comply with the Agreement.
Developed nations also pledged to help with financial assistance, in the magnitude of hundreds of billions of dollars to help developing countries to reach the same goals.
With the changes taking place in USA-Cuba bilateral relations and within the Cuban economic system, coupled with the declared interest of the Cuban authorities to attract foreign capital, investment opportunities in Cuba have become one of the topics of greatest interest for USA investors and entrepreneurs, as well as one of the least understood.
By the end of October, Cuba had exceeded the number of international tourists visiting the Island by 18%, compared with the same period during last year . This is not surprising, and we can expect this to be just the beginning. We need to consider the country's efforts to promote the tourism industry and the new stage of relations with the United States, which has opened up opportunities for both countries. This ongoing escalation in the number of visitors represents an important opportunity for investment on the Island, both for domestic and foreign investors, but also implies the need to plan strategies for the responsible and sustainable use of the country's resources.