CARIF Market News - Page 28 of 29

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 […]
Investors’ neglect of small-scale renewables threatens universal energy access
July 25, 2016
Small-scale renewable energy projects are crucial to meeting the goal of universal access to electricity and clean cooking facilities by 2030, but too many investors are relying on utility scale projects because of the lower risk. Traditional climate financing is not working a decentralized projects are “just not bankable”, says Neha Rai, senior researcher at […]
Renewables investment falls after 2015 record
July 20, 2016
A downturn in renewables investment in 2016 may not be viewed negatively, according to Abraham Louw, associate for energy economics at Bloomberg New Energy Finance (BNEF). Investment declined in many regions including China, the Middle East, Africa, and much of the Americas, but record financing in 2015 may have led to a “hangover” in 2016. […]
Public and private financing key to a low-carbon future
July 16, 2016
The steadily increasing growth of renewable energy industries presents another challenge to a greener world: financing for institutional capacity. Outcomes from Paris COP21 included several donor pledges to support the Green Climate Fund (GCF), and multilateral development banks (MDBs) committed to significantly increasing their share of climate financing. Clean energy is dependent on more progressive […]
Government defends decision to buy LNG from US
June 27, 2016
The decision in Bridgetown to import LNG from the United States rather than neighboring CARICOM country, Trinidad & Tobago, is being defended as a “top up” solution to shortages during the winter tourist months. Minister in the Office of the Prime Minister with responsibility for Energy, Darcy Boyce, said that the “very, very small quantities” […]
USAID project bolsters Dominica’s climate change resilience
June 13, 2016
Dominica continues to work on recovery efforts from Tropical Storm Erika, which hit the island last year. A USAID-funded project will help to improve resiliency against climate change and future storms. United States ambassador to Barbados, the Eastern Caribbean and the Organization of Eastern Caribbean States (OECS) Linda Taglialatela praised the $9.5 million Rallying the […]
US approves commercial flight service to Cuba
June 10, 2016
This week the US approved commercial flights to nine sites on Cuba – a major breakthrough for the island’s tourism and commerce sectors. Six carriers will operate from locations in the US; American Airlines, Frontier Airlines, Jetblu Airways, Silver Airways, Southwest Airlines and Sun Country Airlines. Between these carriers, requests for nearly 60 flights for […]
Belize most vulnerable in Central America to sea level rise
June 9, 2016
Among small-island developing states in the Caribbean, Belize is the most likely to be impacted by climate change. The Development Finance Corporation (DFC) is promoting renewable energy and energy efficiency financing to Belize’s private sector, with an offer of up to $200K per project for upgrades and installation. But Dr. Kenrick Leslie, Executive Director of […]