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The Nexus Caribbean Youth Summit convened on February 5-8, 2015 in Montego Bay, Jamaica. As a movement of young people who are changing the world through philanthropy and social entrepreneurship, the Nexus Caribbean Youth Summit was hosted by the Phoenix Group and the RMP Foundation, in partnership with the Jamaica Tourist Board and the Sandals Foundation.
Nexus members and guests gathered from around the world to explore the world’s most pertinent social issues. They sought to create and discover innovative pathways for change and explore effective ways to collaborate for greater impact.
The Caribbean region is plagued by some of the highest electricity rates in the world. Inefficient generators, the fluctuating price of oil, electricity theft and inefficient plants is a recipe for this ongoing energy crisis. The average electricity price paid by Jamaican residential customers in 2013 was roughly US$0.38 per kilowatt-hour (kWh), ranking among the highest in the world. Fuel costs, construction and maintenance costs for power plants, maintenance on transmission and distribution lines, and regulatory decisions all play a part in this final price of electricity. Jamaica’s high electricity prices are lamented by both residential and commercial customers, the former alluding to its impact on disposable income and the latter viewing it as prohibitive to production and doing business.
Sir Chris Hohn, a Jamaican/UK national wants Jamaica to be the first 100% renewable energy country in the world. Nexus Caribbean aimed to have a special focus on energy in the hope of making a significant impact on the price of electricity and minimizing its carbon footprint on the road to achieving this 100% renewable status.
To learn more about our efforts on energy in the Caribbean contact Zachary Harding at ZacharyH@nexusyouthsummit.org
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