The Eastern Caribbean Central Bank (ECCB) published an update positioning the “energy revolution” as a key element of Governor Antoine’s “Big Push” strategic roadmap for accelerating growth and supporting regional stability across the Eastern Caribbean Currency Union (ECCU), including its stated aim to double member economies’ GDP by 2030. The update was delivered through an episode of the ECCB Connects programme featuring Charlin Bodley, Chief Technical Advisor at the Caribbean Centre for Renewable Energy and Energy Efficiency (CCREEE). In the discussion, Bodley set out the case for shifting from imported fossil fuels to renewable energy, citing potential benefits such as increased fiscal space for growth, more stable electricity prices, and the creation of new industries and jobs. The episode highlighted five conditions presented as necessary to enable the transition: strong leadership and championship, strategic planning, an enabling environment, access to financing, and human capital development.
Eastern Caribbean Central Bank 2026-03-19
Eastern Caribbean Central Bank spotlights renewable energy transition as key plank of its Big Push agenda to double ECCU GDP by 2030
The Eastern Caribbean Central Bank (ECCB) highlighted the "energy revolution" in Governor Antoine’s "Big Push" strategy to double GDP by 2030. Charlin Bodley from the Caribbean Centre for Renewable Energy advocated for renewable energy to enhance fiscal space and create jobs. Five conditions for this transition include leadership, strategic planning, an enabling environment, financing access, and human capital development.