Barbados

Barbados phases out inefficient lighting in an effort to meet its renewable energy goals by 2030

In an effort to achieve its goal of becoming a 100 per cent renewable energy and carbon-neutral island-state by 2030, Barbados has began the first of five phases by prohibiting the importation of any electrical lamp which emits less than 15 lumens per watt. The objective of the phase-out process is to reduce the cost […]

Barbados seeking to establish ‘green bank’

Barbados is to establish a green bank that will facilitate private investment in domestic low-carbon, climate-resilient infrastructure. Several governments have in recent years established green banks as part of their efforts to facilitate private investment into domestic low-carbon, climate-resilient infrastructure. Source

Barbados pursues ‘Norwegian model’: going green at home and drilling for oil

The Caribbean nation of Barbados is pursuing what a key official called the “Norwegian model” by exporting oil and gas while cleaning up its own cars and electricity production. The government recently submitted plans to the UN to make 100% of its cars run on electricity or alternative fuels and to get 95% of its […]

SDG Index 2021: How did Caribbean countries perform?

Released annually, the Sustainable Development Report is a key resource for tracking countries’ progress towards achievement of the SDGs which are part of the 2030 Agenda for Development agreed to by UN Member States, including those in the Caribbean, in 2015. For those Caribbean countries ranked, Cuba was the highest with a rank of 49 […]

Barbados gov’t considering ocean energy technology

The Barbados government says it is considering having ocean energy technology operational on the island as part of the National Energy Policy target of 100 percent renewable energy by 2030. The Ministry of Energy, Small Business and Entrepreneurship said it has conducted an Ocean Energy Consultancy, from January 2020 to March this year, to explore […]

Barbados RF bank completes BBD$14M green energy bond

Barbados-based RF Merchant Bank & Trust Limited (RF) announced that it has completed a fund raise of BBD$14M in Green Energy bonds for Williams Renewable Energy Limited  — a wholly owned subsidiary of Williams Caribbean Capital, an entity focused on alternative energy.   Source

Bajans keen on renewable energy

Emera Caribbean Renewables Ltd (ECRL) is reporting an increased interest in renewable energy systems among Barbadians, especially in the last year. Source

Prime Minister Mia Mottley to chair joint World Bank, IMF committee

Mia Amor Mottley, Prime Minister, Minister of Finance, Economic Affairs and Investment of Barbados has been nominated to serve as Development Committee Chair, in a joint appointment with Mesdames Azucena Arbeleche, Minister of Economy and Finance of Uruguay. In line with the nomination by the Chairs of the Latin American and the Caribbean Region, the […]

IDB Invest approves $2m credit facility for Caribbean LED Lighting

IDB Invest, a member of the Inter-American Development Bank (IDB) Group, approved a revolving credit facility of up to US$2 million to Caribbean LED Lighting Inc. (CLL) in Barbados. The facility will facilitate access to finance for the private sector, and will be used to expand the operations of the company within the Caribbean region […]