Page 60 - PNM General Election 2020 Manifesto

• Create a Public Private Partnership Vehicle to • Promote the use of Hybrid Vehicles through
support the regional and international expansion
of the local Energy Services Sector
• Invest in Research and Development in the
energy service sector R&D
• Give Tax credits to encourage investment in CCS
and EOR
• Assist service companies to invest in asset
integrity projects
RENEWABLE ENERGY (RE),
ENERGY EFFICIENCY (EE) AND
ENERGY CONSERVATION (EC)
The Government has committed to introducing
113 MW of Renewable Energy (RE) electricity
power (10% of demand) by the year 2021.
The PNM will:
• Implement an Energy Conservation and Energy
Efficiency Policy and Action Plan
• Develop an Integrated Resource Plan to
manage the phased implementation RE, with a
target of RE meeting 30% of demand by 2030
• Introduce tax credits to encourage investment
in Carbon Capture and Storage (CCS) and
Enhanced Oil Recovery (EOR)
• Implement the legislative changes needed to
allow net-metering for small-scale RE electricity
generation projects enabling excess sales to TTEC
• Invest in energy efficiency to create
opportunities for local service companies and
implement the existing tax credits
• Accelerate the CNG conversion programme
• Promote the use of Electric Vehicles through
appropriate incentives for the installation of
battery charging equipment and infrastructure
PNM THE RIGHT CHOICE ON AUGUST 10
appropriate concessions
• Encourage EE, rewarding households with the
lowest electricity usage
GREENHOUSE GASES &
INDUSTRIAL SECTOR
Trinidad & Tobago is also a major emitter of
Greenhouse Gases (GHG) either from direct
combustion of natural gas/other fuels or the
production of CO2 as a bi product of the
manufacturing process, especially in ammonia
production.
The introduction of “green petrochemicals”
through the substitution of hydrogen from the
natural gas reform process with hydrogen from
electrolysis is one interesting business
development opportunity for the country. There is
an active project currently being pursued in this
area, which proposes to initially utilise steam that
is currently wasted from an existing power station
to run a new turbine to produce electricity from
hydrogen electrolysis. In the future there is also
the potential to use renewable energy to produce
hydrogen.
To facilitate this the PNM will:
• Support through appropriate incentives efforts
to develop hydrogen as a potential fuel source
for the petrochemical sector
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People’s National Movement Manifesto 2020