Close Menu
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
LinkedIn X (Twitter) YouTube Facebook
Trending
  • Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex
  • Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada
  • Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations
  • Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras
  • Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets
  • Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game
  • E.ON Cancels 20MW Hydrogen Plant in Essen
  • Repsol Abandons 130MW Hydrogen Project in Puertollano Amid Economic and Technical Concerns
LinkedIn X (Twitter) YouTube Facebook
Energy NewsEnergy News
  • NEWS
    • Breaking News
    • Hydrogen
    • Energy Storage
    • Grid
    • SMR
    • Projects
    • Production
    • Transport
    • Research
  • SPOTLIGHT
    • Interviews
    • Face 2 Face
    • Podcast
    • Webinars
    • Analysis
    • Columnists
    • Reviews
    • Events
  • REGIONAL
    • Africa
    • Americas
    • Asia
    • Europe
    • Middle east
    • Pacific
  • COMMUNITY
  • ABOUT
    • Advisory Board
    • Contact us
    • Report Your News
    • Advertize
    • Subscribe
Energy NewsEnergy News
Home Home - Americas
Green Hydrogen H2 News

CDF and IRENA support low-carbon investments in the Caribbean

Anela DoksoBy Anela Dokso02/10/20203 Mins Read
Share
LinkedIn Twitter Facebook Email WhatsApp Telegram

The International Renewable Energy Agency (IRENA) has signed a Memorandum of Understanding with the CARICOM Development Fund (CDF) to support a transition from fossil-fuel dependency to a more resilient and sustainable low carbon economic development model in Caribbean Small Island Developing States (SIDS).

The partnership will focus on reducing the region’s economic and social vulnerability to the adverse impacts of climate change, and liberating the region from a dependency on volatile and expensive fossil fuel imports.

The Latin America and Caribbean region has the potential to source up to 85 per cent of its power from renewables by 2030. Doing so would significantly improve energy security and reduce energy system costs. The two organizations will also work enhance business competitiveness in the region.

“There is an acknowledged need for greater technical and financial assistance to support the build out and strengthening of the ecosystem around sustainable energy in the Caribbean. In response to this deficiency, the CDF will soon launch the Credit Risk Abatement Facility (CRAF), which seeks to incentivize additional lending from local financial institutions to the private sector for low-carbon interventions in CDF Member States. The new partnership with IRENA will complement this Facility by helping to provide and leverage resources for targeted technical and financial assistance and training to beneficiaries and stakeholders.”

CEO of the CDF Rodinald Soomer.

This new partnership will also augment the ongoing efforts of the CDF to provide direct financial and technical support to sustainable energy investments in its CARICOM Member States through Country Assistance Programmes targeting disadvantaged countries, regions and sectors operating in the CARICOM Single Market and Economy (CSME).

As the lead intergovernmental organization for the energy transformation, IRENA has been integral to the Caribbean’s energy transition. This partnership reinforces the Agency’s ongoing efforts in the region and complements a focus on project facilitation and climate investment under the joint Climate Investment Platform initiative.

“Partnerships are the cornerstone of the achievement of the sustainable development goals. Caribbean countries, like all small island development states, have the potential to realize transformative benefits from low-carbon economic growth agenda.

“Working together with the CDF, IRENA reinforces its commitment to renewable energy transformation in small islands, and to mobilizing the capital necessary to scale up the adoption of renewables and energy efficiency measures. This agreement complements the Agency’s ongoing efforts to strengthen the enabling environment and crowd in investment capital to meaningfully accelerate decarbonization progress.”

Francesco La Camera, director general of IRENA.
Share. LinkedIn Twitter Facebook Email

Related Posts

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025
Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

Falling Capture Rates and Rising Volatility Reshape Investment in European Power Markets

09/07/2025
Hydrogen

Why Most Hydrogen Research Will Never Scale—and How Balkan Labs Are Quietly Changing the Game

08/07/2025
Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil's Fawley Complex

Hy24 Joins Hynamics UK to Back £300M Green Hydrogen Project at ExxonMobil’s Fawley Complex

09/07/2025
Hydrogen

Primary Hydrogen Advances Natural Hydrogen Exploration in Atlantic Canada

09/07/2025
Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

Legal Challenge Halts Brazil’s Coastal Hydrogen Project Over Environmental Violations

09/07/2025
Hyundai Hydrogen

Hyundai Bets on Indian Hydrogen Ecosystem with New R&D Hub at IIT Madras

09/07/2025

Subscribe to Updates

Get the latest news from the hydrogen market subscribe to our newsletter.

LinkedIn X (Twitter) Facebook YouTube

News

  • Inteviews
  • Webinars
  • Hydrogen
  • Spotlight
  • Regional

Company

  • Advertising
  • Media Kits
  • Contact Info
  • GDPR Policy

Subscriptions

  • Subscribe
  • Newsletters
  • Sponsored News

Subscribe to Updates

Get the latest news from EnergyNewsBiz about hydrogen.

© 2025 EnergyNews.biz
  • Privacy Policy
  • Terms
  • Accessibility

Type above and press Enter to search. Press Esc to cancel.