Cayman Islands import nearly all of oil and electricity from neighboring countries. Tourism accounts the larger share of the service sectors followed by insurance, banks and mutual funds. It has been identified that electricity generation and transportation consume major share of oil usage in the country recently. Renewable energy solutions including solar thermal, PV, wind, biofeuls development has been studied to determine their energy and CO2 emission reduction potential. Models of energy systems and their optimization have been carried out using HOMER and the total investment required and the feasibility has also been dealt with.
Energy scenarios
To determine the energy demand by 2030 and thereby estimate the CO2 emission per capita alternative energy scenarios can be developed; the business as usual (BAU) scenario and