What is the Barbados national energy policy (BNEP)?

This Barbados National Energy Policy (BNEP) document is designed to achieve the 100% renewable energy and carbon neutral island- state transformational goals by 2030. These include: Provision of reliable, safe, affordable, sustainable, modern and climate friendly energy services to all residents and visitors.

Should Barbados invest in fossil fuels offshore?

However, even as Barbados promotes the development of renewable energy, there are ongoing plans to explore for fossil fuel resources offshore. This patrimony will be pursued aggressively with the view to maximise foreign exchange gains from the export of any exploited hydrocarbons.

Why should Barbados invest in the energy sector?

The energy sector in Barbados should be invested in to foster development, promote energy security, reliability, affordability, and establish and maintain a sustainable sector. This can be achieved through innovation and workable partnerships which promote a strong economy and a healthy environment.

Does Barbados rely on imported oil & gas?

Barbados imports 100% of its petroleum products, despite possessing domestic oil and gas resources. The lack of refining infrastructure leaves the country vulnerable to global oil price fluctuations that directly impact the cost of electricity.

Why is energy conservation important in Barbados?

Providing Value To Barbados Through Ongoing Product Updates And Ongoing Innovation. Energy conservation is not just a buzzword; it's a responsible way of life. By reducing your energy consumption, you're contributing to a healthier planet. It's a win-win solution that benefits both you and the environment!