Guyana to tap into U.S commitment to help Caribbean nations revamp energy sector

0

 

US Vice President, Joseph Biden and Minister Robert Persaud.
US Vice President, Joseph Biden and Minister Robert Persaud.

[www.inewsguyana.com] – Vice President of the United States, Joe Biden met with leaders of Caribbean nations on Monday, January 26 saying the U.S. would do what it could to help those countries revamp their energy sectors – a vital concern given the region’s dependence on oil shipments from ailing Venezuela. This is according to The State online News.

Speaking at the Caribbean Energy Security Summit in Washington DC, Biden essentially gave the Caribbean leaders a pep talk, saying that now was the time to boost alternative sources of energy, such as solar, and to decrease reliance on oil.

But he also cautioned them that while it was poised to help, the United States wouldn’t do so with its eyes closed.

To expect aid and other financing from the United States, Biden said, it would mean counties need to get a handle on corruption and pick the projects that make the most sense.

“First and foremost, you have to deal with corruption,” he told the gathering of Caribbean leaders and energy experts. “You need to be choosing projects because they are the most competitive, not for other reasons.”

If that happens, Biden said, the United States was prepared to help.

“I guarantee you we will do our part,” he said. “And we can afford it. But we’re not going to waste money. We’re going to insist on considerably more transparency, greater coordination and changes in regulations. We’re not here to replace one flawed financing scheme with another.”

US Vice President, Joseph Biden with Caribbean Leaders.
US Vice President, Joseph Biden with Caribbean Leaders.

Ticking off the success of some Caribbean nations to expand the use of solar and other renewable energy sources, Biden said changes in the energy sector “create a moment of energy opportunity that hasn’t existed. Progress is possible and it’s possible to begin now – not a decade from now, but now.”

The summit, which followed the launch last year of the Caribbean Energy Security Initiative, was designed to help Caribbean nations on the road toward energy security. Caribbean leaders agreed to pursue comprehensive and diversified energy programs, including the introduction of cleaner forms of energy.

According to the White House, the United States’ Overseas Private Investment Corp. will boost its focus on developing clean energy projects in the Caribbean, and U.S. officials have identified a team designed to identify promising Caribbean energy projects.

Guyana was represented by Prime Minister Samuel Hinds and Minister of Natural Resources and the Environment, Robert Persaud.

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.