BARBADOS ENERGY TRANSITION & INVESTMENT PLAN

The Barbados Energy Transition and Investment Plan (ETIP), published by Sustainable Energy for All, outlines a strategic pathway for Barbados to achieve net-zero emissions (NZE) by 2035. The plan identifies NZE 2035 as the most feasible scenario, requiring a total capital investment of BBD 19 billion through 2040, primarily driven by the electrification of the transport sector. The transition aims to reduce dependence on imported fossil fuels, enhance climate resilience, and create approximately 1,500 new jobs, with a strong emphasis on integrating women and youth into the clean energy workforce.

• The multicriteria analysis identified Net Zero 2035 as the most feasible timeline for Barbados to achieve carbon neutrality across the power, transport, buildings, industries, and agriculture sectors.
• Achieving Net Zero 2035 requires a total capital investment of BBD 19 billion between 2020 and 2040. The transport sector represents the vast majority of this cost, accounting for approximately BBD 17.3 billion.
• The transition to Net Zero 2035 is projected to result in fuel cost savings of BBD 15.6 billion, which is 37 percent lower than the business-as-usual (BAU) scenario. While capital investments are 57 percent higher and O&M costs are 20 percent higher than BAU, the total system costs are expected to be 15 percent lower, representing a reduction of roughly BBD 8.2 billion in additional financing needs.
• The power sector transition under NZE 2035 involves phasing out oil-based generation by mid-2030. By 2040, the generation mix is projected to consist of onshore wind (45 percent), hydrogen (29 percent), and solar PV (24 percent). Blue hydrogen, produced from natural gas with carbon capture and storage (CCS), will be used for balancing and security of supply due to insufficient renewable capacity for green hydrogen.
• The transport sector's decarbonization relies on the total replacement of fossil fuel-based cars with electric vehicles (EVs) by 2040. Passenger cars are the primary emission source, contributing about 60 percent of the sector's annual emissions. The plan also envisions the deployment of hydrogen-fuelled light trucks starting in 2035.
• In the buildings sector, energy-efficiency measures are expected to reduce energy demand by 30 percent. The plan targets full electrification of cooking and water heating by 2040, phasing out LPG and gas in the early 2030s in favor of electric cooking (e-cooking).
• The industrial sector is projected to achieve carbon neutrality by 2025 under the NZE 2035 scenario. To maintain this and offset residual emissions from other sectors, bioenergy carbon capture and storage (BECCS) will be required to capture approximately 40 kt of CO2 from 2035 onwards.
• The transition is expected to create approximately 1,500 new direct and indirect jobs above the BAU scenario by 2035, representing a 55 percent increase. This growth is primarily driven by the transport sector and the expansion of renewables.
• To finance the transition, Barbados will need to combine domestic resource mobilization, international public finance, and private-sector investment. The Blue-Green Investment Corporation (BGIC) is identified as a key entity for channeling funding and facilitating green bonds.
• The plan recommends a two-level governance structure: Level 1 focuses on coordination and enabling through an Energy Transition Office, and Level 2 focuses on implementation by private and public actors across sectors.

APA

Sustainable Energy for All (n.d.). BARBADOS ENERGY TRANSITION & INVESTMENT PLAN. https://www.seforall.org/system/files/2025-03/EnergyTransitionandInvestmentPlan-Barbados.pdf

Chicago

Sustainable Energy for All. BARBADOS ENERGY TRANSITION & INVESTMENT PLAN. n.d. https://www.seforall.org/system/files/2025-03/EnergyTransitionandInvestmentPlan-Barbados.pdf.

Wikipedia

{{cite report |author=Sustainable Energy for All |title=BARBADOS ENERGY TRANSITION & INVESTMENT PLAN |url=https://www.seforall.org/system/files/2025-03/EnergyTransitionandInvestmentPlan-Barbados.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{sustainableenergyforallndbarbados, author = {{Sustainable Energy for All}}, title = {{BARBADOS ENERGY TRANSITION \& INVESTMENT PLAN}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2025-03/EnergyTransitionandInvestmentPlan-Barbados.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }