The Caribbean is well endowed with opportunity to develop renewable energy. The possibilities are diverse, from geo-thermal to ocean-thermal, and solar to bio-mass. As the region comprises mainly small island states, there is a rationale to look at regional solutions in order to acquire scale. Also, given the range of renewable energy possibilities there is scope to develop innovative prospects that can be replicated on a larger scale elsewhere. A key driver behind renewable energy development has been the significant import cost of fossil fuels. Though such prices are currently reduced, it remains an opportunity before the pricing cycle shifts again. The Caribbean hub is focussed on attaining developmental assistance to undertake project feasibility studies as necessary, and attract international investment to targeted low carbon programmes.
The head of the Caribbean hub is Fraser Wheeler, a former British diplomat who has experience of working on the international climate change agenda and low carbon development.