Is the Caribbean a paradise for renewable energy?
The Caribbean appears to be the ideal location for renewable energy development. Petroleum resources are scarce and renewable resources such as solar, wind and geothermal are plentiful, energy prices are high. Added to that, climate change impacts pose a major threat to the region’s small-island economies that are largely dependent on tourism and agriculture.
Despite this, most Caribbean nations still use imported diesel or oil to generate 90-100% of their energy. So what has been the barrier to using renewables?
In this article published by the Guardian, the journalist starts from a small entrepreneur example in Barbados. He concludes that indigenous grassroots knowledge paired with the experience and access to capital of larger local and international companies would be a winning combination.