Minister Young Participates In Caribbean Renewable Energy Forum (CREF) Panel On Clean Energy Investment

Today, the Minister of Energy and Energy Industries and Minister in the Office of the Prime Minister, the Honourable Stuart R. Young, MP participated, virtually in the Caribbean Renewable Energy Forum (CREF) alongside other Caribbean government ministers and representatives of both The World and Inter-American Development Bank.

The CREF has grown to become the biggest annual gathering of the regional energy market and gathers stakeholders together to discuss what the new normal for the Caribbean clean energy market looks like.

Minister Young delivered his remarks during the “Reset, Rethink, Invest: Transforming Clean Energy Aspirations into Action” segment of today’s agenda where he and other regional leaders took the stage to discuss how to revitalise clean energy investment across the region beyond COP26. He commented on the importance of the move to sustainability and resilience and reiterated the Government’s commitment to the incorporation of renewable energy in the local energy supply through Solar, Carbon Capture Utilisation and Storage and Hydrogen projects as well as the use of Compressed Natural Gas (CNG) and electric vehicles in the transportation sector.

Minister Young also emphasized the important role that developed nation states play regarding the financing of and investments in renewable energy projects necessary to combat the debilitating effects of Climate Change which poses a looming threat to all as Small island Developing States (SIDS).

Therese Turner-Jones, moderator for the session and General Manager, Caribbean Country Department for the Inter-American Development Bank commended the panel, inclusive of Minster Young,  the Honourable Walter Roban, JP, MP Deputy Premier and Minister of Home Affairs, Government of Bermuda,  the Honourable Stephenson King, Senior Minister and Minister for Infrastructure, Ports, Transport, Physical Development, and Urban Renewal for St Lucia and the Honorable Shawn K. Richards, Deputy Prime Minister, Minister of Public Infrastructure, Post & Urban Development  of St Kitts and Nevis for their contributions including sharing their concrete plans towards the green energy transition.

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