SUSTAINABLE ENERGY IN THE CARIBBEAN COMPETITION


A NEW IDEAS CONTEST CALLS FOR PROPOSALS TO PROMOTE SUSTAINABLE ENERGY IN THE CARIBBEAN

• The 2012 IDEAS Energy Innovation Contest for the Caribbean was launched on February 15, 2012.
• Awards of up to US$200,000 are offered for projects and enterprises which promote energy efficiency and access to renewable energy in the Caribbean region.
• Applications from Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Suriname and Trinidad and Tobago are invited.

UKAid from the Department of International Development (DFID), GVEP International, South Korea and the Inter-American Development Bank (IDB) have launched a contest to develop innovative ideas to improve energy efficiency and expand access to renewable energy in the Caribbean.

The contest, launched today with a regional marketing campaign What’s your bright IDEA?, is intended to promote innovative solutions to energy problems that have local or regional benefits, provide jobs and reduce greenhouse gas emissions. Award winners will receive up to US$200,000,as well as technical and business development support to implement or scale up their ideas.

Individuals, enterprises and organizations based in the Caribbean are invited to submit proposals focusing on adoption, innovation, assimilation, development and transfer of technologies in renewable energy, energy efficiency, climate change mitigation and fossil fuel substitution by April 30, 2012.

Applications should be submitted electronically – details and guidance are available at www.iadb.org/ideas. Grant winners will be announced July 15, 2012.

A high proportion of the sponsorship for this contest is UKAid from the Department for International Development (DFID).

“The Caribbean has great potential for economically and environmentally sustainable enterprises in renewable energy and energy efficiency,” said Simone Banister, Climate Change Adviser at DFID Caribbean. “Simple innovations could have a dramatic effect on energies supplies, prices and the way businesses and markets operate in the region.”

Energy in the Caribbean is currently produced almost exclusively from imported fossil fuels, Banister explained. “As a result, consumers are paying high prices for electricity, transport fuels and other forms of energy. So far, the use of alternative sources of energy, particularly renewables, has been limited. We’re hoping to help change that.”

“Local innovation and the adaptation of existing technologies to local circumstances are key to boosting the competitive supply of renewable energy services and tackling environmental concerns”said Arnaldo Vieira de Carvalho, Lead Energy Specialist at the IDB.

The program will be jointly sponsored by UKAid from the Department of International Development (DFID), the Inter-American Development Bank (IDB) and the South Korean Government and managed by UKAid from the Department of International Development (DFID) with GVEP as its implementing partner and the Inter-American Development Bank (IDB).

How to Apply:
Applicants must fill in an online application form available at IDEAS’ webpage.
To find out more visit www.iadb.org/ideas

Posted by Alessandra 15 Feb 2012

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