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Paragraphs Related to the Theme Paragraphs VII Summit
Reports
Date:  6/21/2011 
PROMOTING ENERGY SECURITY

The National policy of Barbados is geared towards greater energy sustain ability through
the increase use of alternative energy and energy efficiency.

This is being assisted through a reduction of import duties on renewable energy and energy efficiency products as well as income tax deductions for end users.

A legislative review targeting these areas and plans to establish a finance mechanism for the private sector (Energy Smart Fund) are all part of a Sustainable Energy Framework being developed with assistance from the IADB.

Global leadership has been established in the development of solar water heaters over the past 35 years, with over 40% of all buildings having installations. There are also several examples of solar water heart technology transfer to other countries such as Trinidad and St. Lucia.

In addition to Solar Water Heaters other applications targeted include Solar Electricity, Wind, Biodiesel, Ethanol, Biomass cogeneration (sugar industry) and other forms of solar heating.

The Barbados Government is offering leadership in this field by implementing a number of small solar and wind projects with support from the Global Environmental Facility (GEF) as well as developing structures and policies to encourage involvement in large scale projects by the private sector.

The Government will continue to expand its local oil exploration that stands at approximately 1000 barrels/ day while making rights available to the private sector for the off-shore exploration through appropriate bid mechanisms.

Paragraphs: 45 Paragraphs VII Summit: -

Date:  6/21/2011 
The National policy of Barbados is geared towards greater energy sustain ability through
the increase use of alternative energy and energy efficiency.

This is being assisted through a reduction of import duties on renewable energy and energy efficiency products as well as income tax deductions for end users.

A legislative review targeting these areas and plans to establish a finance mechanism for the private sector (Energy Smart Fund) are all part of a Sustainable Energy Framework being developed with assistance from the IADB.

Paragraphs: 46, 47 Paragraphs VII Summit: -

Date:  6/21/2011 
Global leadership has been established in the development of solar water heaters over the past 35 years, with over 40% of all buildings having installations. There are also several examples of solar water heart technology transfer to other countries such as Trinidad and St. Lucia.

In addition to Solar Water Heaters other applications targeted include Solar Electricity, Wind, Biodiesel, Ethanol, Biomass cogeneration (sugar industry) and other forms of solar heating.

The Barbados Government is offering leadership in this field by implementing a number of small solar and wind projects with support from the Global Environmental Facility (GEF) as well as developing structures and policies to encourage involvement in large scale projects by the private sector.
Paragraphs: 50 Paragraphs VII Summit: -

Date:  6/21/2011 
The Government will continue to expand its local oil exploration that stands at approximately 1000 barrels/ day while making rights available to the private sector for the off-shore exploration through appropriate bid mechanisms.
Paragraphs: 51 Paragraphs VII Summit: -

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