With huge solar, wind, geothermal, and marine energy potential, Caribbean islands have a tremendous availability of domestic renewable energy resources. Yet, the region continues to be plagued by high and volatile energy prices with no opportunities for economy of scale or diversity in electricity supply. Similarly, climate change impacts such as warmer temperatures, sea level rise, and the increased frequency and intensity of storms all pose major threats to the region’s small island economies. Individually, almost all Caribbean countries have seen success with renewable energy development. However, these individual efforts cannot be effective without a coordinated approach through harmonized regional policies, legislation, and interconnectivity solutions.
Elisa Asmelash, Junior Energy Consultant@Revelle Group
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