Investor Presentaiton
National Context Diagnosis
ENERGY AND POWER
sment for lgens aans
VAT
exemption
Import duty exemptong
Smart Fund 1: loans,
s, grants
Green
Climate Finance Bank
Feed In Tarriffs: up to 10MW
VAT exemptions
VAT exemptions
VAT
AT exemptions
Zero rating for RE & EE PP&E materials
Import duty exemptions
Cleaner Fuels & RE Project
Smart Fund 1: loans, grants
Smert Fund 2 capacity building, training
Feed In Tarriffs: up to 10MW
VAT exemptions
Import duty exemptions
Cleaner Fuels & RE Project
Smart Fund 1: loans, grants en Cerence Bank
Smart Fund 2: capacity building, training
Zero rating for RE & EE PP&E materials
Import duty exemptions
Sant Fund 2 stud es design. Es essesme
Smart und loans, grants
Enhanced Credit Guarantee Fund
Cleaner Fuels & RF Project
Feed In Tarriffs up to 10MM
Smart Fund 2: studies, design ES assessment
VAT exemptions
Enhanced Credit Guarantee Fu
Feed In Tarriffs: up to 10MW
Smart Fund 2 studies, design, ES assesse Fund
Enhanced Credit Guarantee Fund
Green Climate Finance Bank
Zero rating for RE & EE PP&E materials
Green Climate Finance Bank
Import duty exemptions
C&Reject
VAT exemptions
MOBILITY AND TRANSPORT
Lowering
of tariffs
TAX
VAT
holiday
NEWS
Zero
mission
Interest
free loans
WASTE MANAGEMENT
WASTE GENERATED
POLLUTION
1000 Tonnes Top 30
On average, approximately 1,000
tonnes of garbage is generated in
Barbados on a daily basis.
(Barbados Solid Waste Management
Programme)
DIVERSION RATE
69%
Barbados landfill diversion rate is
69% which is among the highest in
the region despite the lack of scale
for recycling industries. (July 2021
update to IDNC)
Barbados is 1 of 10
Caribbean islands which
are in the top 30 global
polluters per capita (Forbes,
2019)
SEWAGE CONNECTIONS
3%
Barbados has amount
lowest level of sewerage
connections in Caribbean at
3% (IDB Caribbean Water Study,
October 2021)
Import
duty
reduction
INITIATIVES
GOB
procure
ment
policy
ENERGY AND POWER
► Diversity of sustainable energy options with a trajectory
to achieve 100% renewable energy by 2030.
► Offers significant opportunities for local
entrepreneurship and international investment.
► Increase in decentralized solar PV installations
▸ Encourage large-scale use of RE sources
▸ Decrease the costs of energy to the population
Liberalize the production of electricity
Key goals and/or objectives
MOBILITY AND TRANSPORT
To eliminate the use of diesel and gasoline transport by
2030 (Barbados National Energy Policy
► GOB procurement policy to prioritize the purchase of
electric or hybrid vehicles. The aim is to operate a full
fleet of electricpublic transport buses by 2030.
► A reduction of 29% in non-electric energy consumption
including transport, compared to Business as Usual
("BAU") scenario in 2029.
WASTE MANAGEMENT
Achieve an energy mix-target by 2030 from which
15MW installed capacity will be from Biomass and
Waste-To-Energy
► Achieve 20% decrease in waste emissions
Phase out natural gas and LPG by 2030; natural gas to
be replaced by bio-methane produced from renewable
biogas sources
Page 7
EY
Mind the Bridge 29 November 2022
Barbados Clean Tech Industry Report (Summary)
UNIDO
gef
EXPORT
BARBADOSView entire presentation