Young talks green energy projects with development bank

MINISTER of Energy Stuart Young met with the Trinidad and Tobago representative of CAF – Development Bank of Latin America, Bernardo Requena, at the ministry at the International Waterfront Complex in Port of Spain, on July 22.

In a media release, the Ministry of Energy said Young and Requena discussed technical assistance and loan facilities that are available to Trinidad and Tobago for energy projects with a focus on harnessing green energy. They also discussed strategies to reduce methane emissions.

“The energy projects discussed will play a key role strengthening energy security in TT, the wider Caribbean region and potentially contribute to the energy security of Europe,” the release said.

CAF is a development bank committed to improving the quality of life of citizens in the Latin American and Caribbean region.

On its website, CAF said its actions promote sustainable development and regional integration with an aim to convert itself into “the green and blue bank” – a bank that supports projects that will look after the ocean and its inhabitants, as well as projects that will support sustainable use of natural resources on land.

“We promote a sustainable development model through credit operations, non-refundable resources and support in the technical and financial structuring of projects in the public and private sectors,” the bank said.

The bank offers advice and financial support to public and private-sector stakeholders and generates information to support public policies.