CREF Market News - Page 21 of 90

IDB and Jamaica launch plan to electrify vehicles
October 14, 2021
The Inter-American Development Bank and the Jamaican government will partner to accelerate the use of electric vehicles through an ambitious initiative that includes funding an electric mobility ecosystem and technical assistance and training for battery electric technologies (BEVs). Source
‘Overwhelmed by old challenges’, Caribbean leaders say COVID-19 has forced a new battle for the survival of their nations
September 30, 2021
Caribbean island nations are under assault from the coronavirus pandemic even as they try to protect their communities from rising seas and raging storms, regional leaders said Saturday at the UN, where they called for bold action to tackle climate change and shore up public health systems. Source
World Bank’s new RFP calls for innovative financing to scale up renewable energy development in the Eastern Caribbean Currency Union
September 30, 2021
The Eastern Caribbean Currency Union (ECCU) encompasses eight countries and overseas territories[1], all of which are small island developing nations extremely vulnerable to climate change and natural disaster risks. The region is highly dependent on imported expensive fossil fuel to meet its energy requirements despite being endowed with enormous renewable energy (RE) generation potential. The […]
Barbados pursues ‘Norwegian model’: going green at home and drilling for oil
September 24, 2021
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 […]
Guyana’s role in the emerging green energy transition
September 24, 2021
At a recent offshore oil & gas conference in Houston, Guyana’s foreign minister said that the country’s economy is expected to grow 500% by 2030. Guyana’s current US$6.8 billion real GDP would ignite to nearly US$35 billion dollars, about the size of Paraguay, who has nine-times the population of the former British Colony. Per capita, […]
Global energy firm plans big solar plant in Jamaica
September 24, 2021
Europe-based global clean energy firm MPC Energy Solutions, which is listed on the Oslo Stock Exchange in Norway, is reporting that it has leased several acres of land in Jamaica as part of a major project to develop a 72.5-megawatt, MW, solar power plant here. MPC Energy focuses on sustainable energy infrastructure and runs green […]
United States to assist LAC increase renewable energy capacity
September 24, 2021
The United States announced that it would provide assistance to Latin America and the Caribbean so as to significantly increase renewable energy capacity across the region by 2030. The first ever United States Special Presidential Envoy for Climate, John Kerry, told a virtual High-Level Dialogue on Climate Action in the Americas that Washington is hoping […]
Deetken Impact Sustainable Energy announces its first investment in solar energy in Jamaica with Soléco Energy
September 15, 2021
Impact asset manager Deetken Impact Sustainable Energy (DISE), is thrilled to announce its first investment in solar energy in Jamaica. An investment sponsored by woman-led Soléco Energy. DISE’s investment is carried out through its two renewable energy managed Funds, H-REFF (Honduras Renewable Energy Financing Facility) and CABEF (Caribbean Basin Sustainable Energy Fund), that co-invest in […]
A regional agreement for healthy eco-systems in Latin America and the Caribbean
September 10, 2021
Five Nations including Costa Rica – the country where the Escazú Agreement was adopted – announced publicly working towards a proposal for UN Human Rights Council to recognize globally the right to a clean, safe, healthy and sustainable environment writes Claudia Ituarte-Lima. In her op-ed she says that the only way for the region to […]