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Caribbean

  • Integrate Caribbean energy services markets

    June 28, 2021

    Integration of the Caribbean energy services markets could help to make businesses more competitive and reduce costs for project development and hence, eventual prices to consumers. This should be a focus for CARICOM in the implementation of the Single Market and Economy. There has been a lot less emphasis on making sure that energy services are able to be traded […]

  • Cryptocurrencies, central banks, and the Caribbean

    June 22, 2021

    In less than three months’ time, El Salvador intends becoming the first country in the world to make Bitcoin its official currency alongside the US Dollar. The country’s President, Nayib Bukele, a populist and media savvy disruptor, says that his decision will generate employment, enable the financial inclusion of tens of thousands of the country’s […]

  • Barbados

    USAID AND CARICOM Development Fund sign an MOU to strengthen cooperation

    June 22, 2021

    The United States Agency for International Development/Eastern and Southern Caribbean Mission (USAID/ESC) and the CARICOM Development Fund (CDF) signed a Memorandum of Understanding (MOU) on Monday, June 21. The signing of the MOU occurred at the offices of the CDF in Barbados. The MOU provides a broad framework for cooperation between the two organizations and […]

  • Kenesjay Green announces the establishment of Trinidad and Tobago’s hydrogen research collaborative (H2RC)

    June 21, 2021

    Philip Julien, Chairman of Kenesjay Green and Managing Director of NewGen Energy, today shared in his company’s vision for greener energy supply and the rapidly growing global demand for New Carbon-free Green Hydrogen. He also gave insights into the opportunity for T&T to establish itself as a first-mover hydrogen differentiator and to build on the […]

  • Puerto Rico Energy Bureau OKs $1.2B in electrical infrastructure projects

    June 18, 2021

    The Puerto Rico Energy Bureau has approved $1.2 billion to be used for all electrical infrastructure projects included in the Puerto Rico Electric Power Authority’s (PREPA) 10-year infrastructure plan.   Source

  • Hard-hit by COVID-19, Latin America seen skimping on climate cash

    June 15, 2021

    Latin America is investing too little in a green economic recovery from COVID-19, with only 2% of the region’s stimulus funds being spent on projects that help fight climate change, new data from Oxford University showed. Last year, 33 Latin American and Caribbean nations allocated $318 billion to fiscal and stimulus measures, but the tiny […]

  • Threatened Caribbean coral reefs get a new ally: the insurance industry

    June 15, 2021

    As climate change threatens coral reefs around the world, conservation experts in Latin America have enlisted an unlikely ally to try to preserve them: the insurance industry.   Source

  • The Caribbean Sea faces dual threat of climate change and overfishing

    June 15, 2021

    The Caribbean Sea’s blue economy, touted as a sustainable solution to the region’s concerns, could be the Caribbean’s last hope. Global Voices produced an analysis of the region’s marine environment faces a long list of challenges.   Source

  • PM Keith Rowley to Caricom – Increase provision of clean, secure energy

    June 8, 2021

    Prime Minister Dr. Keith Rowley today said Caribbean Community (Caricom) countries have an opportunity to increase the penetration of natural gas within the Caribbean, which will aid in providing a clean, secure supply of energy to regional countries as they transition away from sources such as coal and heavy fuel oil. Rowley, who is also […]

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