Geothermal Energy Can Boost Caribbean Economies, Says World Bank (Jamaica Observer)
The
World Bank says a multi-donor initiative, led by its
Energy Sector Management Assistance Program (ESMAP), has mobilized US$235 million through the
Clean Technology Fund towards scaling up geothermal energy in developing countries, including the Caribbean, since it was launched a year and a half ago.
Noting that geothermal energy is an "important source of low-carbon base-load power for many developing countries", the Washington-based financial institution said projects have been identified and are now under preparation in the Caribbean, Latin American, Africa, Eastern Europe and Central Asia, and East Asia and the Pacific.
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