Released under the GIC Framework
On April 9, 2015, President Obama met with the leaders of several Caribbean nations in Jamaica, where he announced the Clean Energy Finance Facility for the Caribbean and Central America (CEFF-CCA), a new $20 million funding initiative for green energy production in the region. As a joint initiative of the U.S. Department of State, the U.S. Trade and Development Agency (USTDA), the U.S. Agency for International Development (USAID), and the U.S. Overseas Private Investment Corporation (OPIC), the CEFF-CCA aims to draw private and public investment to regional green energy projects with the promise of financial returns.
The Caribbean island nations have long relied on oil imports from Venezuela as their main source of energy. Meanwhile, Jamaica has been ordered to decrease the cost of energy in the country by 30% in just three years as a condition of a loan from the International Monetary Fund (IMF). This imposition comes at the worst possible time for Jamaica, as oil prices on the island are likely to increase as the supply from Venezuela diminishes in response to falling prices globally. Still, lowering energy costs is also a long-term strategic goal of Jamaica’s government, which in 2009 laid out a vision for the nation’s energy sector as one which “provides affordable energy supplies to all consumers” and “is environmentally sustainable.”
The government and people of Jamaica can realize their energy goals at a lower cost by taking advantage of the abundance of green energy knowledge that exists in the public domain. The Global Innovation Commons (GIC) has compiled sets of public domain innovation on various sources of Clean Energy. For Jamaica, our sets include over 10,300 patents covering aspects of Solar Energy, over 8,500 on Wind Power Generation, and over 3,700 on Tidal Power Generation, all of which are particularly appropriate for Jamaica’s climate and geography. All of these patents are public domain knowledge disclosures which are available for free use by anyone in Jamaica.
Visit the GIC site to view these and our other Clean Energy sets by country to discover what is in the public domain in your region of interest.
“FACT SHEET: U.S.-CARICOM Summit – Deepening Energy Cooperation.” Office of the Press Secretary. The White House. 9 April, 2015. Web.
“Jamaica’s National Energy Policy 2009-2030.” Ministry of Energy and Mining. Government of Jamaica. October 2009. Web.
“Obama Offers $20 Million in Energy Aid to Caribbean Nations.” Vyas, Keja. The Wall Street Journal. 9 April, 2015. Web.
“OPIC to play key role in new Caribbean clean energy program.” Overseas Private Investment Corporation. The OPIC Blog. 10 April, 2015. Web.