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IDB, EU and Spain reaffirm commitment to renewable and efficient energy in the Caribbean

NEW YORK – Representatives of the European Union (EU), the Kingdom of Spain and the Inter-American Development Bank (IDB) today signed a joint declaration reinforcing their collaboration in the field of renewable energy and energy efficiency in the Caribbean. 

Renewable energy and energy efficiency can help the Caribbean accelerate its development, mitigate the impacts of climate change and achieve greater energy security. By renewing its commitment to renewable energy and energy efficiency, the partnership will work to foster conditions for attracting more investments in sustainable energy; identifying, replicating and scaling up best practices, and coordinating policies and activities among Caribbean states. 

“Our long and close relationship with the Caribbean has allowed us to gain extensive knowledge of the region’s current conditions and future needs and of what it will take to achieve its energy targets,” said IDB President Luis Alberto Moreno. “By working closely with the EU and Spain, as well as with others interested in joining this partnership, we will avoid duplication, leverage our strengths, and maximize our impact.” 

This renewed collaboration will also explore opportunities such as involving the private sector and civil society in energy-related efforts, and promoting the use of sustainable energy technologies and solutions to limit the negative consequences of energy generation, among other issues.