Benefits and Challenges of the CREGI-RES Project Driving Economic and Environmental Benefits The CREGI-RES project promises significant economic and environmental benefits for the Caribbean region. Economically, it aims to reduce the cost of electricity across the participating Caribbean nations. This is done by creating a shared grid that optimizes renewable energy resources. At the same … Read more
The CREGI-RES Project: Pioneering Sustainable Energy The Caribbean Development Bank (CDB) has conceived the Accelerated Sustainable Energy and Resilient Transition (ASERT) ASERT-2030 Framework. This is part of the CDB’s Energy Sector Policy and Strategy (ESPS). The goal is to aid its leadership role in pursuing renewable energy projects. The CREGI-RES project (Caribbean Regional Electricity Grid … Read more
The Promise of Electricity Trade Cross-border electricity trade refers to the exchange of electricity between neighboring countries. In today’s interconnected world, cross-border electricity trade has emerged as a pivotal element in achieving sustainable energy goals. This form of trade enables countries to share surplus power. It provides access to reliable electricity. As a result, it … Read more
Asia is home to two of the world’s most developing countries – China and India. Asia has 93% of the most polluted cities worldwide. It also has six out of ten countries at risk from climate change. The economies of many Asian countries are developing, and as a result, the region faces high energy demand. … Read more
Electricity trade involves the buying and selling of electrical power across different regions or countries. It is a critical part of the modern energy landscape. As global demand for reliable and sustainable energy continues to grow, electricity trade emerges as a strategic tool. It balances supply and demand, optimizes resource use, and enhances the stability … Read more
