CARICOM member states have made significant strides in their renewable energy (RE) efforts, achieving a commendable 12% RE electricity penetration by 2022. This progress, while falling short of the original goal of 27%, marks a crucial step in the region’s energy transition towards sustainability.
This milestone was highlighted during a webinar hosted by The Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) on July 30. The event also launched the 2022 CARICOM Energy Report Cards (ERCs), titled “The Success of 12% by 2022,” which provide an in-depth overview of the energy sector’s performance across the 15 CARICOM member states and the Turks and Caicos Islands.
Since the inception of the ERCs in 2017, they have played a vital role in assessing the progress of sustainable energy initiatives, policies, technical support, and capacity-building efforts within the region. The latest report revealed that approximately 700 megawatts of renewable energy capacity have been installed across the Caribbean, underscoring the commitment of member states to advance their renewable energy sectors.
Dr. James Fletcher, Chairman of The CCREEE, emphasized the Caribbean’s leadership role in global climate action. Despite contributing only 0.2% to global greenhouse gas emissions, the region is disproportionately affected by climate change. Dr. Fletcher highlighted the importance of the Caribbean’s efforts to reduce global temperatures and strengthen its negotiating position within international climate forums, such as the United Nations Framework Convention on Climate Change (UNFCCC).
View Commercial Properties for Sale in Barbados
Ayanna Evelyn, Knowledge Management Associate at The CCREEE, acknowledged that although the 2022 target was not fully met, the groundwork has been laid for continued progress. She expressed optimism that the 2023 Energy Report Card would reflect even greater advancements within the sector.
Sandra Britton, Programme Manager for Energy at the CARICOM Secretariat, praised the ERCs as essential tools for planning a sustainable and resilient energy future. She emphasized the importance of evidence-based policymaking, supported by robust data and effective planning, to ensure the region’s energy transition is successful.
Looking ahead, the region is poised to leverage its vast renewable energy resources, including solar, wind, hydro, geothermal, and biomass, to drive greater energy security and economic growth. Collaboration among member states will be key to accelerating progress and achieving even more significant outcomes by 2027.
View all of our Properties for Sale in Barbados