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Caribbean could diversify economies through marine renewable energy

Monica La Bennett, Vice-President at the Caribbean Development Bank (CDB), has said the Caribbean could transform its energy sector and diversify economic activity by exploring marine renewable energy development.
 
Ms La Bennett made the comment while speaking to over 80 stakeholders and leaders at the Blue Economy Caribbean event held in Miami on Tuesday.
   
The Blue Economy Caribbean event was sponsored by CDB, in partnership with the government of Canada. 
 
Ms La Bennett said the region has not succeeded in leveraging its coastal resources as they remain largely under-explored, due in part, to the high capital investment costs. 


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