Meanwhile, New York-based syndicated columnist Rebecca Theodore, who has written extensively on climate change and renewable energy in the Caribbean, said while President Trump seeks for a revitalisation of the coal industry in the United States, this will need more than government policy in Washington to be implemented.
“First, renewable energy sources like wind and solar are much more price-viable than coal. The demand for jobs in renewable energy is going up while for coal it’s rapidly going down,” Theodore told IPS.
“Secondly, the moral arguments and market forces in which the production of coal as an energy source are interlaced cannot be ignored. Carbon emissions from coal-fired power plants are the leading cause of death in many places and continue to be a hazard to public health.
“Thirdly, if the Clean Power Plan is to achieve its aims of cutting carbon dioxide emissions from power plants, then there must be a reduction in coal consumption,” Theodore added.
She also noted that carbon pollution from power plants is one of the major causes of climate change.
“It follows that if the United States must continue the fight in the global efforts to address climate change then the goal must be centered on cheap natural gas and the installation of renewable energy plants, Theodore told IPS.
“There must be options for investment in renewable energy, natural gas and shifting away from coal-fired power.”
Earlier this year, the Inter-American Development Bank (IDB) said a significant portion of the 13 billion dollars it will be lending this year has been earmarked for agriculture, climate change and renewable energy projects.
IDB Executive Director Jerry Butler noted that the issue of renewable energy has been a constant focus for the institution.
“We are going to lend 13 billion dollars and of that amount we’ve carved out 30 percent of it for climate change, agriculture and renewable energy. In fact, 20 percent of that 13 billion in the Americas will be devoted to climate change and renewable energy,” Butler said.
“I think we are putting our money where our mouth is when it comes to us as a partner with the Caribbean Community (CARICOM) and us as a partner with the other entities that work with us.”
Highlighting the IDB’s commitment to the region, Butler noted that even though the Eastern Caribbean States are not members of the bank, through its lending to the Caribbean Development Bank (CDB), countries in the sub-region have not been left out.
“For example, the more than 80 million dollars that’s devoted to geothermal exploration, Grenada will be the first beneficiary in the Eastern Caribbean,” he said.
“And our focus on the Caribbean is not stopping – whether it be smart financing programmes in Barbados, whether it be programmes associated with renewable energy and energy efficiency in Jamaica, or whether it be programmes in Guyana off-grid or on-grid – we try to do everything that we can to bring resources, technology, intelligence and at the same time best practices to everything that we do when it comes to the topic of renewable energy.”
Butler said the IDB believes that the sustainability, the competitiveness and the job-creation potential of the Caribbean can be unlocked “if there is a considered focus on weaning ourselves off the dependence on foreign fuels for generation” and focusing on “producing its own indigenous type of energy”.