Caribbean

Mexico joins Caribbean nations in implementing cruise passenger tax for sustainable tourism

April 25, 2025

Mexico will introduce a new cruise passenger tax in 2025, aligning with Caribbean countries such as Barbados, Jamaica, and the Dominican Republic in adopting similar measures. This initiative reflects a broader regional shift toward sustainable tourism, using tax revenue to support environmental protection, infrastructure upgrades, and cultural preservation. Source: Travel and Tour World

Construction of waterfront condo commences in Grand Cayman

July 19, 2024

Construction of a waterfront condo project, Catalina Bay, is now underway in Grand Cayman’s North Sound. Source: CaribJournal

Caribbean launches SIDS 2.0 initiative to transform small island developing states into digital states

July 19, 2024

The Caribbean is launching the SIDS 2.0 initiative to transform Small Island Developing States (SIDS) into Small Island Digital States. This project aims to accelerate digital integration and innovation by creating a collaborative framework. The initiative includes self-assessments, action plans, and prioritizing interventions. Source: UNDP

CIBC Caribbean and IDB Invest sign MoU for sustainable development across the Caribbean

June 19, 2024

CIBC Caribbean and IDB Invest signed an MoU to advance sustainable development across the Caribbean. The MoU established a framework of cooperation between the financial institutions and will focus on fostering the growth of SME’s, while also focusing on GDI efforts, promoting renewable energy and energy efficiency, and boosting digitalization across the region. Source: Business […]

Soleco Energy Limited closes on investment deal with Rubis Caribbean Holdings

June 19, 2024

Soleco Energy Limited closes on an investment by Rubis Caribbean Holdings (RCH). The investment will fund new projects developed by Soleco and aid in expansion across the region. Source: OUR Today

Antigua and Barbuda inaugurate hybrid solar plant

March 14, 2024

A new solar and battery project in Antigua and Barbuda, funded by the UAE-Caribbean Renewable Energy Fund, is now operational. The design includes solar panels and batteries that can withstand hurricanes and supply all daytime energy needs. PV Magazine LATAM

Jamaica releases its first electric vehicle policy

July 22, 2023

Jamaica has released its first electric vehicle policy, with the goal of increasing energy security, diversifying supply, and decarbonizing. The roadmap outlines plans to develop an enabling regulatory environment, deploy efficient charging infrastructure, establish guidelines related to standards and batteries, and train and engage the public. Source: BNAmericas

Exploring the Energy Transition: A Q&A with Caribbean Utility Executives

April 13, 2023

Caribbean utilities play a critical role in promoting the energy transition in the region. Their challenges? Myriad. The potential for stranded assets, short-term capital expenditure, and how to ensure dependable service to customers in an era of increasingly severe climate change effects – to name just a few. In the final weeks before the 15th […]