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Wednesday, 12 October 2011

Green Growth Investment Forum in Brussels

The dualism of economic profit and sustainable development in the East Caribbean States (ECS) were at the core of a two-day conference in Brussels entitled “Green Growth Investment Forum”. The conference was organised by the embassy of the ECS in Brussels in cooperation with the CDE, CTA and other partners, and brought together politicians, tourism experts, farmers, scientists and other stakeholders.

Speakers presented the Eastern Caribbean island states with their small size and their well-educated and highly motivated workforce as an attractive destination for investment from the EU, the US and other parts of the world. Due to high fuel prices and the location of the islands on a geothermal ridge, speakers said that the ECS offer many opportunities for investment in renewable energy facilities. If successful, these projects can later be upscaled to other regions in the world.

One of the projects currently implemented by a Dutch Antilles company named West Indies Power Holdings is an electricity transmission cable between the islands of St. Kitts and Nevis which will help to distribute electricity generated from geothermal power across the two islands. The company aims at progressively linking all ECS via submarine electrical transmission cables within the next decade.

Energy is not the only green investment object in the ECS however. Speakers also pointed to eco-tourism, the creative industries and other sectors of the economy as examples for lucrative future investment.

CTA conducted several video interviews with the speakers:

Source: CTA