Trinidad and Tobago stavio renewables

Does Trinidad & Tobago need energy subsidies?

Unlike many island nations, Trinidad and Tobago has significant oil and natural gas reserves and is a net exporter of these fuels. However, subsidies for domestic energy consumption have created a fiscal burden on the government that could be reduced through the expansion of alternative transportation fuels, energy eficiency, and renewable energy.

What is the energy policy of Trinidad and Tobago?

The Government of Trinidad and Tobago is currently developing a national energy policy green paper that recognises renewable energy’s (RE) combined with energy efficiency (EE) and utilisation of compressed natural gas in the transportation sector, inter-alia, as important strategies for the promotion of sustainable development of the nation.

Are there green energy sources in Trinidad & Tobago?

As there currently are not many green energy sources available in Trinidad & Tobago, local businesses must work towards developing their own and place additional emphasis on energy eficiency and conservation.

Should Trinidad & Tobago invest in wind and solar energy?

Tapping into Trinidad & Tobago’s vast wind and solar resources for domestic electricity consumption would allow it to export more natural gas and use the extra revenue to finance its broader, long-term energy transition plans. Why do financial institutions have a role to play in energy transition?

Does Trinidad & Tobago have wind energy?

Wind energy is still in its infancy in Trinidad & Tobago. Despite the fact that many companies are now active in the renewable energy sector, many of these firms are not yet focused on wind, and for those that are, their wind-related activities are often marginal.

Can a multisource financing facility transform Trinidad & Tobago's energy sector?

The company is publicly listed on the Trinidad & Tobago Stock Exchange. The bank and the Minister of Energy and Energy Industries discussed a multisource financing facility that could have a transformative impact on the region’s energy sector. The facility would combine various sources of financing, including from the private sector.