CREF Market News - Page 34 of 94

Devastating hurricanes in Caribbean five times likelier if climate targets not met
October 5, 2020
Researchers believe the chances of a devastating storm in the Caribbean will increase five-fold if the Paris climate targets – to limit the global average temperature increase to 2C above pre-industrial levels – are not met. Source
Eight Reasons to Safeguard Western Puerto Rico’s Ocean and Coast
October 5, 2020
From fishing and diving to community gatherings, Puerto Rico’s culture and economy rely on a healthy environment and blue economy, says Pew Trusts. Source
Caribbean Motors steering Belize into the future with electric cars
October 5, 2020
Caribbean Motors is opening the next chapter in Belize’s legacy of positive environmental actions by bringing in Belize’s first line of electric cars. Source
Bajans keen on renewable energy
October 5, 2020
Emera Caribbean Renewables Ltd (ECRL) is reporting an increased interest in renewable energy systems among Barbadians, especially in the last year. Source
Green recovery of Latin America and the Caribbean is possible and necessary
October 1, 2020
According to the World Bank Group, they “have married investment in COVID-19 response and recovery with finance that prioritizes inclusive development and longer-term resilience across our portfolio in the region. Source
Bermuda Government leads from front on electric vehicles
September 29, 2020
Contractors have been asked to respond to a request for proposal on the supply of electric vehicles for the government fleet. The Bermudian government is attempting to procure a fleet of over 600 vehicles includes motorcycles, cars, trucks and various medium and heavy-duty vocational vehicles. Source
Haiti makes big moves for rural solar mini-grids
September 10, 2020
The Haitian Government launched a new program for the development of privately led mini-grids in Haiti. PHARES (Programme Haïtien d’Accès des communautés Rurales à l’Energie Solaire – Haitian Program for Access to Solar Energy in Rural communities) is a bottom-up supported by both IDB and World Bank. The program provides subsidies to private developers/operators to […]
CDEMA and US to partner on disaster resilience
September 10, 2020
The United States government in partnership with the Caribbean Disaster Emergency Management Agency (CDEMA) launched a new USD$4.5 million initiative entitled Caribbean Climate Resilience Initiative to help countries reduce disaster risks as well as absorb and recover from hazard impacts and climate variability. Source
Jamaica to develop electricity loss reduction roadmap
September 10, 2020
IDB approved technical cooperation funds to help Jamaica’s energy ministry develop a national electricity loss reduction plan. A roadmap will be drafted to determine the role of stakeholders, primarily power utility JPS, and required investment and technologies, and address regulatory, legal and institutional issues, among other areas. Source