Given the high cost of fossil fuel-generated electricity and the abundant renewable energy resources, why haven’t Eastern Caribbean countries made more progress in their transition to renewable energy?

Innovation Powered by Insight
Given the high cost of fossil fuel-generated electricity and the abundant renewable energy resources, why haven’t Eastern Caribbean countries made more progress in their transition to renewable energy?
UAE is proceeding with grants totalling US$34.5 million to fund renewable energy projects in the Caribbean building on $15mn of projects announced last year.
More than 40 businesses and 26 Caribbean countries have joined together in support of a $1bn project to create the world's first 'climate smart zone' and help fast track low carbon development across the region.
The Commissioner in charge of International Cooperation and Development, Neven Mimica and the President of the Caribbean Development Bank, Dr. Wm. Warren Smith, announced the formalisation of an EU grant contribution to the Geothermal Risk Mitigation Programme for the Eastern…
Read More Geothermal Risk Mitigation Programme launched for the Eastern Caribbean
The Caribbean Renewable Energy Forum (CREF), the largest annual gathering of the Caribbean renewable energy market, today announced seven projects as recipients of its first annual CREF Project Awards. The awards represent a wide spectrum of size and technologies and are given…
Urgent investment into infrastructure more resilient to climate change is needed to allow Caribbean island nations to achieve their clean energy, sustainable development plans, a high-level meeting of representatives from Caribbean governments, development partners and regional organizations in Saint Lucia…
Read More Caribbean Investment Forum puts resilience into sharp focus
Officials from the Caribbean Development Bank (CDB) and the Agence Française de Développement (AFD) have signed an agreement to provide USD$33 million towards financing sustainable infrastructure projects in the Caribbean region. This marks the first time that CDB has accessed financing…
Read More $33m readied to finance resilient infrastructure in the CARICOM
The importance of reliable and consistent energy supply in Caribbean Community (CARICOM) member states was emphasized during the deliberations at the CARICOM/CUBA/FLORIDA Trade and Investment Conference held February 10-11, 2016 in Miramar, Florida. Director of the Institute of International Relations at the…
Read More Energy Security a Key Issue at Recent Trade & Investment Conference
The Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) have signed off on the Sustainable Energy Facility, a US$71.5 million loan and grant package that will fund renewable energy and institutional capacity projects in six Eastern Caribbean countries.…
Read More New Sustainable Energy Facility for Eastern Caribbean
Island regions are largely dependent on imported oil for power generation. Local governments support renewable sources to limit exposure to volatile oil markets, but barriers hinder the development of a strong renewable energy sector. In an article in Energy Policy, Rebekah Shirley and Daniel Kammen…
Read More Renewable Energy in the Caribbean: Current Trends and Lessons from History