World : New Caribbean Alliance Drives Clean Energy Funds Into Region To Replace Diesel

Caribbean countries facing increasing fuel costs, inescapable transportation constraints and relatively high electricity prices are looking to the sun for answers.

They hope a new Caribbean coalition, led by some of the world’s clean energy heavyweights and bankrolled, in part, by international lending institutions will channel $6 billion to transition the region to renewable energy.

Former Ambassador of Trinidad and Tobago to the U.S., Neil Parsan, founder of advisory firm Parsan Cross, is one of those driving the new Caribbean Climate-Smart Accelerator a collection of 27 countries and 40 global companies launched in August 2018 to help fund renewable energy projects in the Caribbean. Parsan is the director of public sector engagement for the organization.

The Accelerator was born out of French President Emmanuel Macron’s One Planet Summit where the Inter-Development Bank committed $1 billion for clean energy projects across a region severely hurt by several hurricane seasons on islands already in financial difficulties.


Source :

Smart Grid Bulletin February 2019

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