European Commission approves €40 million for Caribbean sustainable energy

The European Commission has just approved the budget for the 11th European Development Fund (EDF) Caribbean Regional Programme. The programme will focus on sustainable energy, marine biodiversity, and enhancing resilience to extreme recurrent natural events.

This funding aims to promote environmentally sustainable economic development in the region and build a more unified resilient Caribbean.

The signing of the financing agreement will take place at the Caribbean Overseas Countries and Territories (OCTs) Resilience Summit on October 25th, at St Maarten.

Participating OCTs at the summit are Anguilla, Aruba, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Montserrat, Saba, St. Barthelemy, St. Eustatius, and Turks and Caicos Islands.

“Building resilience to future changes in the Caribbean basin and striving towards a low carbon economy will contribute to sustainable economic development and environmental protection in the Caribbean OCTs” said St Maarten Prime Minister, Leona Romeo-Marlin, the current Regional Authorising Officer.