BRIDGETOWN, 24 November - Representatives of the United Nations Industrial Development Organization, Barbados’ Ministry of Industry, International Business, Commerce and Small Business Development (MIICS) and the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE) have gathered to discuss the creation of a cluster for sustainable energy and climate technology in Barbados.
The Global Environment Facility (GEF)-funded project, “Strategic platform to promote sustainable energy technology innovation, industrial development and entrepreneurship in Barbados”, will include the creation of a cluster to provide resources and space to domestic businesses, entrepreneurs and start-ups enabling them to work jointly on innovative energy island solutions with high market potential in the Caribbean. The businesses will be able to take advantage of flexible sharing arrangements to save costs, reduce risks, bundle lobbying power and sell products and services under one label.
In his opening statement, Stephen O'Malley, UN Resident Coordinator for Barbados, said, “We need to build domestic private sector capacities to ensure that the energy transformation becomes a motor for jobs and local value creation”.
Devon Gardner, Director of the Caribbean Community (CARICOM) Energy Unit, underlined the business opportunities created by the rapidly growing renewable energy, energy efficiency and climate technology investments in the Caribbean.
The GEF project and the opening of the UNIDO supported CCREEE in Barbados in 2016 are concrete activities implemented under the MOU signed between UNIDO and the Government of Barbados on the margins of the Third International Conference on Small Island Developing States, held in Samoa from 1 to 4 September 2014.
For further information, please see:
Sustainable Energy Expert
Climate Policy and Networks Unit
Department of Energy