The Barriers to Caribbean Renewable Energy

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May 30 (Bloomberg) -- Bloomberg’s Siobhan Wagner reports on the use and reliance of fossil fuels in the Caribbean on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)

This strikes me as being the first place to build a wind farm . yet they rely extensively on fossil fuels.

Nearly all the islands rely mostly on importing fuel oil.

It is very expensive to do that and they have high electricity bills as a result.

Jamaica, the average customer there paid about $.41 per kilowatt hour in 2012. that is high when you look at the u.k. which is around $.23 per kilowatt hour.

What is branson going to do?

He has gotten countries like aruba signed up.

A sickly the idea is to fast-track the sustainability projects in the area.

You have got the largest independent power producer in the u.s. to go in and agree to develop a renewable micro-grid on his home as a demo.

This is going to be a carbon free island?

It is going to be heavily reliant on wind and solar.

Whether or not it is zero carbon, i can't say for sure.

Is there a viral mental aspect to this?

These are incredibly pretty islands.

Is there resistance to sticking a wind farm there?

There have been protests around the development of a wind farm in aruba.

It is the same sort of argument you hear around the world.

Not in my back yard.

They are looking at ways to make it aesthetically pleasing.

They have even talked about painting the wind turbines light blue.

It is all in the eyes of the beholder.

Would you rather look at a wind turbine or a diesel powerplant?

A diesel generator in the background.

We will leave it there.

Thank you very much indeed.

Eye of the beholder.

For those listening on bloomberg radio, the first word is up next.

For our viewers it is a second hour of "the pulse." we are talking about bnp.

By.

it faces a fine of $10 billion from u.s. regulators.

Is india really open for business?

A former ceo is going to join us.

Turkey taking to the streets.

We are going to istanbul to get a take on what is happening later on today.

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This text has been automatically generated. It may not be 100% accurate.

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