Friday, December 14, 2012

CARICOM nations seeking economic advantages in sustainable energy

Wigton wind farm in Manchester, Jamaica. PHOTO/Jamaica Gleaner

With the exception of oil rich Trinidad & Tobago, most, if not all, other Caribbean island-nations are extremely vulnerable when it comes to the high costs of imported fuels that are easily disrupted by natural disasters and other phenomena.

Barbados, for example, spent an amount equal to six percent of its gross domestic product (GDP) on oil imports in 2011. This amount has had a direct negative impact on direct production

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