Trinidad: Gas Player Moves to Diversify Economy

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
Gas Power Plant

Twin-island nation Trinidad and Tobago is moving initiatives to diversify and decarbonize its natural gas-based economy to meet obligations established by the Paris Agreement. Its commitment aims to reduce cumulative emissions by 15% by 2030 versus 2013 levels. The plan targets three primary emitting sectors: power generation, industry and transportation. In absolute terms, the reduction is equivalent to 103 million tons of carbon dioxide, Trinidad’s Planning and Development Minister Camille Robinson-Regis said last week during the virtual Caribbean Sustainable Energy Conference. The cost to achieve the target is around $2 billion, which is expected to come from domestic funding and conditional or international financing, including through the Green Climate Fund.

Low-Carbon Policy, Hydrogen, Mobility, Electric Vehicles
Wanda Ad #2 (article footer)
The EU's anti-subsidy probe against China’s electric vehicle (EV) exports could undermine road transport decarbonization, possibly delaying the peaking of gasoline demand.
Wed, Sep 20, 2023
Project developers are still looking for guidance on how they can take advantage of the “bonus rates” for clean energy tax credits enacted by the US Inflation Reduction Act.
Mon, Sep 25, 2023
Companies are not indifferent to Indonesia's large resources and recent efforts to improve its business climate, but time is still needed to fully convince changes will stick.
Mon, Sep 25, 2023