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  • Jamaica’s commitment to its Blue Economy continues to grow

    June 4, 2019

    Caribbean Development Bank officials have described Jamaica’s Junior Market as a model for financing Blue Economy. Jamaica’s Junior Stock Exchange, said Dr. Justin Ram, Director of Economics at the CDB, is a “blueprint” for countries in the Caribbean wishing to support their blue economy by raising capital through the stock market. A blended finance approach, […]

  • Geothermal Plant

    50MW geothermal project in Chile expected in 2024

    June 4, 2019

    The geothermal project ‘Mariposa’ in Chile’s Maule region is expected to enter into service in 2024. Energy output from the geothermal plant will be incorporated into the national grid. The 50MW project is a joint venture led by the Energy Development Corporation and Alterra, two established companies in the renewable energy field. A further 50MW […]

  • One year on: What do we know about the Caribbean Climate-Smart Accelerator?

    From our Editorial Team

    June 3, 2019

    The Caribbean Climate-Smart Accelerator, formed in response to the 2017 hurricane season, is an entrepreneurial engine, setting an ambitious agenda to create the world’s first “climate-smart zone”. The coalition, which includes 26 countries and over 40 private and public sector partners, seeks to catalyze transformative investments and partnerships across priority areas including clean energy, resilience, […]

  • Action plan to strengthen Blue Economy in Caribbean published by World Bank

    June 3, 2019

    A new World Bank report examines the importance of tackling marine pollution to ensure the Caribbean region is resilient to climate change. The report, “Marine Pollution in the Caribbean: Not a Minute to Waste”, calls for urgent action to restore damaged ecosystems and protect the Caribbean’s marine resources. The ocean is a key source of […]

  • Mexico announces tender for geothermal drilling and new information repository for geothermal projects

    June 3, 2019

    Geothermal energy is expanding in Mexico, with two announcements this week regarding the drilling of two wells for geothermal energy, and the upcoming development of a database on geothermal water resources in the country. CFE, Mexico’s state power utility announced a tender for the drilling of two wells in the Los Azufres geothermal project. These […]

  • Dominican Republic to invest USD 900m in renewable projects

    May 31, 2019

    Dominican Republic’s National Commission for Energy (CNE) has authorised the grant of twelve provisional concessions for new renewable energy projects totaling 874 MW. Two projects are focused on wind energy, eight will produce electricity from solar energy and two are thermal energy projects. Another five applications for the development of further renewable energy projects are […]

  • UK delivers capacity-building programme for blue economy in Antigua and Barbuda

    May 28, 2019

    The UK Government’s Commonwealth Marine Programme completed a three-week capacity building programme in Antigua and Barbuda last month. The programme aimed to support a safer maritime trade and the growth of Antigua and Barbuda’s Blue Economy. In attendance were representatives from Antigua and Barbuda’s Department of Maritime Affairs and External Relations, the Survey and Mapping […]

  • OPIC delegation visits Caribbean, discusses investment in energy

    May 27, 2019

    President of the U.S. Government0s development finance organisation, OPIC, concludes successful visit to the Caribbean to discuss infrastructure, energy, water, and women’s economic empowerment . “By partnering with our Caribbean neighbors to advance priorities like expanding access to low-cost energy, supporting critical infrastructure, and empowering women, OPIC is working to more effectively leverage private sector […]

  • European Commission launches second report with Blue Economy focus

    May 27, 2019

    On the 2019 European Maritime Day Conference in Lisbon, the European Commission released the second edition of its Blue Economy Report. The Commissioner for Environment, Maritime Affairs and Fisheries Karmenu Vella emphasised the importance and opportunities of the sustainable use of ocean resources for economic growth, through entrepreneurship, investment, and research and innovation. “Today’s report […]

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