CARIF Market News - Page 28 of 29

Winds of change slow to reach Caribbean’s renewable energy landscape
October 4, 2016
A paper published in the current issue of the journal Energy Policy examines the causes behind the slow pace of renewable energy development in the Caribbean. Harrie Vredenburg and colleagues surveyed 36 political jurisdictions in the Caribbean to assess factors that promote and restrict initiatives for greener energy generation. One outcome explained that incumbent electric […]
Caribbean islands receive training on climate-friendly cooling
October 3, 2016
Workshops hosted by the CARICOM Secretariat, in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), are making an effort to reduce the amount of energy used in the Caribbean cooling sector. Dual training programs attracted over 50 policymakers and financial and private sector representatives from 15 Caribbean islands for sessions that ranged from policy (Nationally […]
Energy to create wealth: In Barbados, chances to earn from greener sources growing
October 3, 2016
Barbadians will now have the opportunity to become small power providers to the national grid. A July 13th decision by the Fair Trading Commission (FTC) to review the Renewable Energy Rider (RER) has facilitated wealth creation at the lowest-income level. Shifts in rate structure and the amount of energy that individuals and companies could invest […]
Grenada wants more funds for sustainable development
September 27, 2016
Grenada is urging world leaders and the leaders of Small Island Developing States (SIDS) to contribute more funds to fill the gap needed to reach the targets of the SDGs. Foreign Affairs Minister Elvin Nimrod explained three structural problems that inhibit climate action for Caribbean and the Pacific, nations that he said must be the […]
Jamaica water commission signs grant agreement for energy efficiency project
September 17, 2016
A new initiative to improve energy efficiency at the National Water Commission (NWC) entered into force on September 14 via an agreement between the Jamaican Utility and the United States Trade and Development Agency (USTDA), to fund a one-year energy efficiency and renewable energy project. The project will begin by targeting those NWC facilities which […]
Mexico and Brazil Look to Caribbean for New Energy Investment Opportunities
September 14, 2016
In November, a Brazilian investment mission will take investors and parliamentarians to the Eastern Caribbean to discuss a wide range of business opportunities. The Embassy of Mexico to the Eastern Caribbean States will hold a Forum, “Creating Synergies to Strengthen the Competitiveness of the Greater Caribbean” November 16-18 in Cancun, Mexico. Both Mexico and Brazil […]
Renewable Energy Projects Secured $6 Billion From Multilateral Banks In 2015
September 12, 2016
Six banks: The World Bank, The European Investment Bank (EIB), the Inter-American Development Bank (IDB), the Asian Development Bank (ADB), the African Development Bank (AfDB), and the European Bank for Reconstruction and Development (EBRD) provided a total of $25 billion in climate finance across the world last year. Renewable energy projects secured $6 billion in […]
CDB approves funding for a more climate-resilient Caribbean transport sector
August 10, 2016
The Caribbean Development Bank (CDB) will provide US$768,000 in funding to address damage to Caribbean road networks, caused by natural hazards. Financing will enable a study on approaches for constructing road infrastructures that are more resilient to the effects of climate change. CDB director of projects, Daniel Best, noted that agencies of the bank’s borrowing […]
UKCIF funds to rehabilitate road networks in Antigua-Barbuda and Dominica
July 28, 2016
Plans to rehabilitate the road networks of Antigua and Barbuda, and Dominica are underway via funding from the United Kingdom Caribbean Infrastructure Partnership Fund (UKCIF). A grant for US$245,000 was approved by the Caribbean Development Bank (CDB), to conduct a feasibility study of of road networks in both countries. In Antigua and Barbuda this includes […]