Minister of Energy, Small Business and Entrepreneurship, Kerrie Symmonds, has defended government’s policy of 100 per cent renewable energy by 2030 while describing government’s multi-million annual spend in fossil fuel imports as unsustainable.
The Minister expressed this view today while delivering the feature address at the virtual Barbados Sustainability Energy Conference.
He told virtual participants that removing between $400 and $700 million in fuel importation annually from the country’s budget, placed the sector in a position to serve as a catalyst for national growth.
Mr. Symmonds stated: “The illogic of the pattern of expenditure that I just outlined was vigorously drawn to our attention by an Inter-American Development Bank study which took place between 2008 and 2010 in this country. That in turn, gave birth to Barbados’ Sustainability Energy Framework.”
The Minister recapped the journey from the target set in 2010 to be 29 per cent fossil fuel free by 2037 to the present revised 2030 target.
“That framework set for us a renewable energy target of being 29 per cent fossil fuel free by the year 2037. By today’s standards, that 2010 ambition is clearly exceptionally conservative. By 2016, the Division of Energy would have benefitted from a further partnership with the International Renewable Energy Agency and this lent us a certain clarity of perspective and perhaps the confidence to revise ambitions up to about 70 per cent fossil fuel free by the year 2037,” he told participants following on social media platforms.
Mr. Symmonds continued: “…Subsequently in 2019, this administration issued a policy mandate that we had to move to be 100 per cent fossil fuel free or have a net zero carbon footprint by the year 2030. Clearly the speed of this new ambition outstripped everything that we had been thinking about as a country before but compelled Barbados to do work that previously would have had to be deferred.”
The Energy Minister commended the Technical Officers in the Division of Energy who were currently working with the Barbados National Oil Company Limited on switching mechanisms to assist government with the commercial introduction and supply of biodiesel.
Mr. Symmonds explained this move was necessary in view of the fact that government’s intention to decarbonise the transportation sector has “simply outstriped the pace at which the global vehicle manufacturers are going and quite frankly, can go”.
“As I speak to you, therefore, there are a number of makes, models and types of vehicles especially in the heavy duty construction sector in Barbados that have neither a hybrid or electric equivalent. Barbados is therefore ahead of most of the world with respect to commitments to building out a clean and green transportation sector,” he underlined.
The conference under the theme: Championing our future to a Sustainable Energy Sector, featured a number of panel discussions on topics such as Energy Transition, Electricity Mobility, Wind Energy as an Alternative Energy Source and financing options for the energy sector and a virtual expo and networking session.