Saturday, February 28, 2015

Sustainable energy and green economy: a new paradigm for Caribbean development

The Caribbean Development Bank (CDB)) has made energy sustainability in the region as one of its priorities. In 2014, the Bank issued a report   “A New Paradigm for Caribbean Development: Transitioning to a Green Economy”, which analyses the options to make a transition to increased energy efficiency and use of renewable energy.
The Bank is now developing special products to support renewable energy and energy efficiency projects on concessionary terms. Two such special facilities are the geothermal energy development facility and the proposed Sustainable Energy for the Eastern Caribbean (SEEC) Programme. The general objective of the SEEC  Programme is to reduce participating OECS countries’ dependency on imported fossil fuels through energy efficiency and renewable energy. Read more at