BARBADOS ENERGY TRANSITION & INVESTMENT PLAN

The Barbados Energy Transition and Investment Plan (ETIP) identifies a net-zero emissions (NZE) target by 2035 as the most feasible pathway for the nation. Achieving this goal requires a total capital investment of BBD 19 billion by 2040, with the transport sector accounting for approximately BBD 17.3 billion of this total. The transition is expected to be driven by the widespread adoption of electric vehicles (EVs), onshore wind, solar PV, and blue hydrogen, while utilizing bioenergy carbon capture and storage (BECCS) in the industry sector to offset residual emissions. The plan projects that NZE 2035 will result in fuel cost savings of BBD 15.6 billion and create approximately 1,500 new jobs above business-as-usual levels by 2035. Key policy recommendations include implementing mandatory building energy codes, establishing a national electric mobility roadmap, and developing a governance structure featuring an Energy Transition Office to coordinate cross-ministerial implementation.

• A multicriteria analysis determined that achieving net-zero emissions (NZE) by 2035 is the most feasible timeline for Barbados, balancing costs, environmental impact, job creation, and resilience.
• The transition to NZE 2035 requires a total capital investment of BBD 19 billion between 2020 and 2040, with the transport sector representing the vast majority of this cost at approximately BBD 17.3 billion.
• The NZE 2035 pathway is projected to generate BBD 15.6 billion in fuel cost savings compared to the business-as-usual (BAU) scenario, which outweighs the 20 percent increase in operation and maintenance costs.
• The power sector's transition to NZE 2035 will rely on a generation mix consisting of onshore wind (45%), blue hydrogen (29%), and solar PV (24%) by 2040, with existing oil-based generation phased out by mid-2030.
• Decarbonizing the transport sector depends on the total electrification of passenger cars by 2040 and the adoption of hydrogen-fuelled light trucks, which are expected to dominate the light truck mix by 67% in 2040.
• The industry sector is expected to achieve carbon neutrality by 2025 and will utilize bioenergy carbon capture and storage (BECCS) to offset approximately 40 kt of CO2 emissions from other sectors by 2035.
• The building sector's transition focuses on full electrification by 2035, with a particular emphasis on replacing LPG with electric cooking and implementing mandatory building energy codes to reduce energy demand by 30%.
• The NZE 2035 scenario is projected to create approximately 1,500 direct and indirect jobs above BAU levels by 2035, primarily in the transport and renewable energy sectors.
• To attract the necessary private capital, Barbados must employ de-risking instruments such as guarantees, insurance, hedging, and junior/subordinated capital to address country, credit, construction, and off-take risks.

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} }