LONDON, United Kingdom–Though geothermal energy is a more involved and expensive undertaking than other renewables, its significant benefits make it an ideal way for the Eastern Caribbean to gain greater energy independence, reduce energy costs and achieve sustainable development.
The islands of the Eastern Caribbean are renowned for their natural beauty and rich culture. But the volcanic origin of these islands has not only created breathtaking scenery, it could soon provide the solution to the region’s quest for clean, renewable and affordable energy.
Like most small island developing states (SIDS), the countries of the Organization of Eastern Caribbean States (OECS) spend a large part of their earnings on imported fossil fuels to meet their energy needs, yet they also boast high levels of solar radiation, good wind regimes and impressive geothermal potential.
Across the world, the cost of energy has a major influence on quality of life. Energy represents a significant cost to households, businesses and states. Reductions in the cost of technologies such as solar have led to promising growth in the renewable energy sector, but to make this sector a significant contributor to electricity generation in the OECS, efforts must include geothermal energy development.
The International Renewable Energy Agency reports that geothermal deployment worldwide reached a total installed capacity of 12.7 gigawatts in 2016, a level well below its potential. However, there is increasing recognition of its many advantages over other technologies, which may explain why global geothermal output has risen by 26 per cent in just over five years. Read More
Large Ocean Developing States (SIDS) 