IDB Aid to Promote Clean Energy in Caribbean

Caribbean nations will benefit from four Inter-American Development Bank grants to promote energy security through the use of renewable energy sources. According to the

, two technical cooperation grants worth a combined USD 1.45 million will be made available to the Bahamas to bolster the institutional capacity of its Ministry of the Environment, which manages the energy sector, and enable the Bahamas Electricity Company to explore energy efficiency and renewable energy alternatives. Barbados will also receive a USD1 million grant to help develop a national sustainable energy network that will allow the government to test energy efficiency and renewable energy solutions, explore bioenergy and solar alternatives, and design regulatory and financial incentives to promote clean energy. Meanwhile, the Caribbean Hotel Energy Efficiency Action Program will be established through a USD1 million IDB grant to back the use of energy saving technologies in the region's small, medium and large hotels.

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