Past and Present Green Economy Initiatives and Capacity Building and Financial Mechanisms for the Future Development of the Barbados Energy Sector

Tom Rogers, Ksenia Chmutina

Research output: Chapter in Book/Report/Conference proceedingConference proceeding

1 Citation (Scopus)

Abstract

As with most Small Island Developing States (SIDS), imported fossil fuels make up the majority of Barbados’ primary energy requirements, including electricity generation. As well as using up valuable foreign exchange, this import bill makes the island highly vulnerable to the ever more volatile international energy market. Sustainable development has long been present in the island’s ideological mindset and in 2010 the government of Barbados signalled its commitment towards becoming “the most environmentally advanced green country in Latin America and the Caribbean”. This paper first describes the island’s present fossilfuel-dominated energy sector, as well as past and present green economy-related initiatives. It then discusses two key areas of energy sector reform necessary to promote sustainable development: capacity building and finance, highlighting the role that innovative financing mechanisms could play in decreasing the country’s reliance on fossil fuel imports.
Original languageEnglish
Title of host publicationClimate Smart Technologies
Subtitle of host publicationIntegrating Renewable Energy and Energy Efficiency in Mitigation and Adaptation Responses
PublisherSpringer
Pages245-257
Number of pages12
ISBN (Electronic)978-3-642-37753-2
ISBN (Print)978-3-642-37752-5
DOIs
Publication statusPublished - 5 Jun 2013

Publication series

NameClimate Change Management
PublisherSpringer
ISSN (Print)1610-2010
ISSN (Electronic)1610-2002

Keywords

  • Strategy
  • Small island developing states
  • Green economy
  • Renewable energy
  • Financing mechanisms

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    Rogers, T., & Chmutina, K. (2013). Past and Present Green Economy Initiatives and Capacity Building and Financial Mechanisms for the Future Development of the Barbados Energy Sector. In Climate Smart Technologies: Integrating Renewable Energy and Energy Efficiency in Mitigation and Adaptation Responses (pp. 245-257). (Climate Change Management). Springer. https://doi.org/10.1007/978-3-642-37753-2_18