Best Caribbean Island for Starting a Business

The World Bank's flagship publication, Doing Business 2017: Going Beyond Efficiency, looks at the regulations that enhance or constrain business activity worldwide. In this year's report, Trinidad and Tobago was among the 10 economies that improved the most in 2013/2014 in areas tracked by Doing…

Cork Hill/Weekes Geothermal, Montserrat

In 2012, Montserrat began developing the island’s first geothermal project. Funds were provided by the United Kingdom’s Department for International Development (roughly $13.5 million) and the Caribbean Development Bank, with in-kind contributions from the government itself. Iceland Drilling was awarded…

Renewable Energy Needs Stronger Support from Government

Caribbean states have promised to reduce their dependence on fossil fuels and transition to a more renewable energy economy. Saint Lucia and Aruba has even gone so far as to vowed to transition to 100% renewable energy generation as part of the Ten…

Transforming the energy landscape in the Eastern Caribbean

The Caribbean Development Bank (CDB), Japan International Cooperation Agency (JICA) and the Inter-American Development Bank (IDB) aim to transform the energy landscape in the Eastern Caribbean. The three agencies will support the efforts of Eastern Caribbean states to reduce high energy costs and dependence on…

New Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE)

The new Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) was given the green light in July, 2014. The centre will become part of UNIDO´s Global Network of Regional Sustainable Energy Centres. The regional centre of excellence will support the…

The Caribbean needs a Marshall Plan for Clean Energy

Lefties Food Stall, a pint-sized eatery serving Barbados’ signature flying-fish sandwiches, recently became the first snack shack on the Caribbean island to be fitted with a solar panel. The nearby public shower facility sports a panel as well. So does…

Creating the Right Climate for RE Investment in the Caribbean

CDB President, Dr. Warren Smith speaks with Bloomberg on how the Caribbean can make the transition to renewable energy by capitalising on available opportunities. http://www.youtube.com/watch?v=tJNQGw1FmUY  

Renewable Energy in the Caribbean: Current Trends and Lessons from History

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…