As a small open economy, Barbados is susceptible to fluctuations in international markets. Our dependence on imported energy, especially oil, creates worrisome external vulnerabilities. Oil imports have accounted for over 20% of total imports of goods over the past five years, making the economy sensitive to international price commodity shocks. Energy conservation and energy from…Read more
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Barbados will soon be one step closer to meeting its Barbados National Energy Policy (2019-2030) goals with the implementation of The Control of Inefficient Lighting Act, 2021, which begins in January 2022. The Act, which was passed in July 2021, seeks to phase-out lights that are not energy efficient. It is geared at reducing the…Read more
Background to Presentation For the past 3 years, the Ministry of Energy, Small Business and Entrepreneurship’s Energy Division has been focused on championing the Barbados National Energy Policy (BNEP). The objective of the policy is to ensure Barbados will be 100% powered by renewable energy by 2030. An integral part of the roll-out has seen…Read more
The Ministry of Energy, Small Business and Entrepreneurship recently relaunched their Smart Energy Barbados 2030 website. It is the official website for the Barbados National Energy Policy 2019-2030. The main objective of the site is to motivate Barbadians to help realize the national goal of being 100% renewable by 2030, which is part of BNEP.…Read more
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