By Caribbean Business Report
The Organisation of Eastern Caribbean States (OECS) has identified the critical issue of financing for Small Island Developing States (SIDS) as a key gap in their transition to sustainable energy during the Sustainable Energy for All (SEforAll) Global Forum, held from March 12-15 in Barbados.
The landmark event, hosted by SEforALL and the Government of Barbados, welcomed more than 1,300 participants worldwide and mobilized over US $500 million (EC $1.35 billion) to accelerate the clean energy transition in developing countries. Hon. Konris Maynard, Chairman of the OECS Council of Ministers: Energy and Minister of Public Infrastructure, Energy, Utilities, Domestic Transport, Information, Communication, Technology, and Posts of Saint Kitts and Nevis, noted that despite the availability of finance globally, there remains a disconnect in accessing these funds for sustainable projects in the Eastern Caribbean.
inancing the drive towards indigenous, clean, renewable, and affordable energy for all is a key issue for OECS Member States. They have set themselves ambitious but practical goals to develop sustainable energy sources and become more energy independent over the next decade under the Basseterre Declaration they signed in February 2025 in St Kitts and Nevis.
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The forum provided a unique opportunity for SIDS to have a voice on global platforms, discussing critical issues such as climate justice and financing. The event was also significant as it was held for the first time in Latin America and the Caribbean and was positioned as a key moment on the Road to COP30, with both the COP29 and COP30 presidencies present.
OECS Identifies Crucial Finance Gap at Sustainable Energy for All Global Forum added by Caribbean American Weekly on
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