Energy development talk at the Caribbean Energy Security Summit
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A recent study by the World Banks put forward that seven of the Eastern Caribbean States, Dominica, Guadeloupe, Montserrat, Grenada, St. Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines, have the potential for geothermal energy production, along with the biomass, wind, solar, and marine power potential possessed by the other regional countries. These founts of renewable energy still lay largely untapped, with the abundance of the energy coming still from oil and gas. Worse yet is that this is expected to remain the status quo for some time. This would leave Haiti, still with less than 30% of its households without permanent sources of electricity, in the dark for some time to come.
Steps to bring green energy to the region include the assistance of the World Bank to give support to individual governments as they seek to overhaul their current systems. At the summit, a Caribbean Energy Investment Network was set in motion as the eyes of investors from around the world turned towards the Caribbean following success in islands like Jamaica to make energy less expensive by certain reforms such as the reduction of retail tariffs, an increase in supply reliability and the use of renewable sources of energy.
Read more: Energy, Energy Environment
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