Cuba's Energy Revolution and 2030 Policy Goals: More Penetration of Renewable Energy in Electricity Generation

Abstract

Cuba has been remarkably successful at revitalising its energy sector over the last two decades, significantly increasing efficiency and reducing energy intensity and emissions. This article analyses those successes and looks at the policy challenges ahead for Cuba to achieve its 2030 energy policy goals. We argue the nascent success of the 2006 Energy Revolution is due to its comprehensive approach, targeting infrastructure, consumption habits and people's understanding of energy issues. We then examine some of Cuba's current energy challenges, presenting data on Cuba's energy mix as of 2014. We analyse the country's proposed energy policy to achieve 24% penetration of renewable energies in electricity generation by 2030. The Cuban government has an array of policy tools, from stimulating domestic production to changing foreign investment regulations, in order to achieve its goals. One of the most significant recent policy shifts includes the External Investment Law, which creates a regulatory framework and policies, including ones to utilise and develop perspectives of renewable sources of energy that will help to expedite the path toward a diverse energy mix with a large presence of renewables.