Racquel Moses | Building the Caribbean on sustainable, collaborative growth

The Caribbean was a major global innovator in 2022. From our politicians and diplomats steering international policy in New York during the UN General Assembly and UN climate conference (COP27) in Sharm el-Sheikh, to the development of key programmes like Barbados’ Blue Bonds and planning for a Caribbean Single Energy Export Market – the region’s leadership has been on full display. These actions have created a platform to build on in 2023 and will provide the opportunity for the region to step up its development initiatives.

Bermuda’s Blue Prosperity Plan is gathering steam as the nation works to fulfil its own needs as well as those outlined in the global 30 by 30 target signed at the UN’s Convention on Biodiversity in December 2022. By maximising the conservation and protection of our lands and oceans, we can develop opportunities for sustainable economic growth focused primarily on the environment. Bermuda’s Blue Prosperity Plan will build a strong blue economy that can serve as a blueprint for countries within the Caribbean.

Green hydrogen continues to be a close yet elusive target for lawmakers in the Caribbean and the world at large. Investments have been made in Latin America’s hydrogen infrastructure, highlighting the increasing demand for this renewable fuel. Being able to master the production of green hydrogen could be a boon for operators – and the Caribbean Single Energy Export Market continues to gain traction as a viable opportunity for the region to develop a strong low-carbon economy. Keep an eye on further developments at the Caribbean Renewable Energy Forum and throughout the year.