With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
Electrifying the Caribbean: Plugging in Electric Vehicles
May 2021 unplugged many firsts for the Jamaican electric vehicle sector! That month, the utility launched its first public electric vehicle charging facility, and a new market entrant commissioned four additional public charging stations. Barbados, in comparison, has turned into the top user of electric vehicles per capita in the Caribbean, with over 430 EVs on the island’s … [Read more...] about Electrifying the Caribbean: Plugging in Electric Vehicles
Enabling Electricity Regulatory Framework for the Deployment of Electric Vehicles’ Charging Infrastructure
Electric mobility is a technological revolution that can greatly impact the electricity and transportation sectors of Latin America and the Caribbean (LAC). As battery costs continue to decline and business models for deploying electric mobility evolve, electric charging infrastructure will be key to accelerating the energy transition. Energy regulators have a critical role in … [Read more...] about Enabling Electricity Regulatory Framework for the Deployment of Electric Vehicles’ Charging Infrastructure
Keeping the lights on during natural disaster: Lessons in resilience
The authors would like to thank Veronica Prado, Jordi Abadal and Rochelle Johnson for their inputs to prepare this blogpost. The Caribbean is no stranger to external economic shocks and climate disasters. As small, open economies with limited economies of scale, weak institutions, high fiscal deficits, it hinders its ability to readily adapt and transform amid exogenous … [Read more...] about Keeping the lights on during natural disaster: Lessons in resilience
Transforming the energy system in the Caribbean: technological disruption, and resilience
COVID-19 reminds us of the importance of continually investing in energy efficiency and technologies to reach a sustainable energy matrix in the Caribbean. Energy efficiency and sustainability are recurring issues that challenge the Caribbean energy sector. Prior to the COVID-19 pandemic, the energy sector has been vulnerable to the effects of climate change. The frequency … [Read more...] about Transforming the energy system in the Caribbean: technological disruption, and resilience