Renewable energy sources could provide Caribbean with electricity sufficiency for the foreseeable future

The IDB said that, in 2012, global investments in alternative renewable technologies including: solar, wind, geothermal, ocean, small-scale hydropower and advanced bio-energy – and traditional hydropower amounted to US$244 billion, of which the region represented 5.4 percent.

“To tap into its vast potential, the region must modernize its policy and regulatory frameworks and scale up investments,” it statement said.

The study says, regardless how each country may shape its energy policy, “increasing the penetration and use of non-traditional renewables makes sense for the Caribbean and Latin America”. -(CMC)

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