BRIDGETOWN, Barbados, CMC – The Barbados government will table legislation next month to promote green energy, Finance and Economic Affairs Minister Chris Sinckler has said.
Sinckler said the Freundel Stuart government has devised practical ways to build out the alternative energy sector through policy, legislation and fiscal incentives, which will ensure that in terms both of supply and demand, there are reasonable and cost effective solutions available.
“In the short term, our energy conservation activities are critical, but in the medium to long term, if we want to have a sustainable reduction in the amount of foreign exchange we spend on fuel oil, it would mean that we would have to employ strategies to build out a strong, vibrant and productive alternative energy sector,” he said.