Fostering Renewable Energy Uptake in Caribbean Small Island Developing States: Insights from Barbados

Thompson, Shekira, Suzuki, Masachika, Moore, Winston, Takemoto, Akio and Korwatanasakul, Upalat (2024). Fostering Renewable Energy Uptake in Caribbean Small Island Developing States: Insights from Barbados. UNU-IAS Policy Brief series. United Nations University Institute for the Advanced Study of Sustainability.

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  • Sub-type Policy brief
    Author Thompson, Shekira
    Suzuki, Masachika
    Moore, Winston
    Takemoto, Akio
    Korwatanasakul, Upalat
    Title Fostering Renewable Energy Uptake in Caribbean Small Island Developing States: Insights from Barbados
    Series Title UNU-IAS Policy Brief series
    Volume/Issue No. 46
    Publication Date 2024-04
    Place of Publication Tokyo
    Publisher United Nations University Institute for the Advanced Study of Sustainability
    Pages IV, 4
    Language eng
    Abstract Caribbean small island developing states (SIDS) rely heavily on imported fossil fuels, leaving them vulnerable to unpredictable shifts in global fuel prices and supply disruptions. The region possesses abundant renewable energy resources including solar, wind, hydro, tidal and geothermal. However, the transition to renewable energy has been slow. This policy brief proposes solutions to aid Caribbean SIDS in accelerating their transition to renewable energy. Recommendations: • Enhance knowledge and understanding of renewable energy through public education campaigns. • Issue thematic corporate bonds to bridge the financing gap for transitioning to renewable energy. • Establish a stable regulatory framework for the disposal or recycling of solar panels to increase confidence among investors and consumers.
    UNBIS Thesaurus RENEWABLE ENERGY SOURCES
    BARBADOS
    PHOTOVOLTAIC POWER GENERATION
    DEVELOPING ISLAND COUNTRIES
    Keyword Energy transition
    Small island developing states
    Copyright Holder United Nations University
    Copyright Year 2024
    Copyright type All rights reserved
    ISSN 24093017
    DOI https://doi.org/10.53326/HLCF3028
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    Created: Thu, 25 Apr 2024, 11:38:58 JST by Hanna Takemoto on behalf of UNU IAS