The German Government and the Caribbean Community (CARICOM) have agreed to extend their joint programme, “Renewable Energy and Energy Efficiency Technical Assistance (REETA),” which is aimed at strengthening, at the regional and national level, sustainable development within CARICOM through the increased use of renewable energy technologies and increased energy efficiency in the building sector.
According to a press release from the Secretariat, the agreement was signed on March 9, 2016.
It noted that under this new phase of the German-Caribbean cooperation, the German Government is providing 3 Million Euros to support the institutional and technical requirements for improving the financing environment for sustainable energy projects within the Region.
The latest contribution brings the total support from the German Government, under the REETA Programme to 8.2 Million Euros.
“REETA builds on the foundation of the CREDP Project, which has been implemented by GIZ between 2003 until 2016, and is based in Guyana at the CARICOM Secretariat. The programme focusses on five priority areas including policy, private sector development and participation, regional model projects, financing of energy infrastructure and capacity development,” the Secretariat highlighted.