Renewable energy policy development in the Caribbean

Indra Haraksingh

Renewable Energy, 2001, vol. 24, issue 3, 647-655

Abstract: The Caribbean region is endowed with renewable energy resources which remain largely untapped. With an average insolation of 15-20 MJ m−2 day−1, investment in some renewable energy technologies is feasible. The major problem confronting the region is lack of financial resources. Petroleum imports continue to dominate the energy scenario except for Trinidad and Tobago and Barbados. However, increased awareness of sustainable development issues throughout the region is a major factor in support of renewable energy implementation and is a driving force for energy policy decision-making. With the necessary joint-venture partnerships and government fiscal incentives, photovoltaic technologies, wind energy and solar energy industries are poised to expand thus reducing the dependency on fossil fuel imports while preserving the environment.

Keywords: Energy sector; Natural gas; Oil; Renewable energy; Policy; Legislation; Environment; Energy efficiency (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:24:y:2001:i:3:p:647-655

DOI: 10.1016/S0960-1481(01)00051-9

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