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CARICOM countries agree to join forces in renewable energy push

CARICOM-member countries have agreed to work together to ensure adequate support for the region’s renewable energy push.

The commitment came out of a meeting held last Friday at the conclusion of a two-day renewable energy summit in the Republic of Malta, organised by the International Renewable Energy Agency (IRENA).

State minister in the ministry of Science, Technology, Energy and Mining, Julian Robinson, who was Jamaica’s representative at the summit, called the early-morning meeting of CARICOM member states in attendance, to examine how the region could interact with entities like IRENA to source assistance, grants, and other financial instruments, “to facilitate joined-up projects rather than compete head on for instruments from the same global financial pie”.

Robinson pointed out, many of the smaller countries lose out to the larger and better resourced ones when trying to source financial assistance.

According to Robinson, arising from the meeting, the eight CARICOM countries represented agreed in principle to work together to complete a renewable energy assessment within the region.

He said the members also pledged to “examine the possibilities of harmonising regulations and legislative framework for renewables, which will allow all investors to invest within the region in complement, not competition”.

They have also agreed to carry out work with regulators on renewable energy initiatives.

The group also resolved to increase the CARICOM presence in the IRENA. Only two countries, Antigua and Barbuda, and Grenada, are currently members.

The eight CARICOM countries represented at the Malta summit were Jamaica, Antigua and Barbuda, Belize, Barbados, Grenada, St Vincent and the Grenadines, Suriname, and Dominica.

Category/ies:Jamaica News.
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