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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.
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Document type: Report