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Barbados Investment & Development Corporation (BIDC) signs MoU to collaborate on the development of sustainable ocean renewable energy with Global OTEC

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Consultant Manager Bloom Clean Technology & Climate Tech Center of Excellence - Mr. Damien Prescod / Chief Executive Officer of Global OTEC Mr. Dan Grech at UN Ocean Conference in Nice, France, on June 10th

10th June 2025, Nice, France — The UN Ocean Conference (UNOC3) held this month in Nice, France, was the stage for an important advancement for marine renewable energy in Barbados. In the margins of the event, the Barbados Investment & Development Corporation (BIDC), through its Bloom Clean Technology and Climate Tech Center of Excellence, signed a Memorandum of Understanding (MoU) with Global OTEC, a climate technology company specialised in Ocean Thermal Energy Conversion (OTEC). This partnership supports the industrial development targets with regards to sustainable clean energy production for energy security at the Corporation’s Industrial Estates and “energy” as an export commodity.

The landmark collaboration reaffirms BIDC’s commitment to innovative around clean technology solutions from the Blue Economy of Barbados. Barbados has set ambitious goals to achieve diversification of its energy mix and a reduction on the reliance on heavy fuels imported into the island for energy production. Through collaborations such as this, it is without doubt that the island’s target of becoming a carbon neutral state by 2030 will become a reality and OTEC can play a vital role in this plan not only in Barbados but also neighbouring Caribbean territories.

Through the MoU, both parties will collaborate on technical assessments, stakeholder engagement, and the evaluation of suitable locations for the technology implementation. OTEC can change the island’s industrial development and clean technology landscape, bringing sustainable climate smart baseload power 24/7 to Small Island Developing States (SIDS), being a viable solution to the current diesel generators that provide electricity to over 282,000 Barbadians. Using the temperature difference between warm surface water and cold deep water to provide continuous electricity, OTEC is well suited for the country given the shelf on its eastern coast.

“Small Island Developing States need to innovate in their industrial development thinking and their approach with regards to their energy security and sovereignty, manufacturing and processing, technical capacity development, scientific knowledge acquisition and technology transfer for future focused careers and sustainable economic growth. The volatility of global energy markets due to geo-political conflict and logistical challenges leave the economies of SIDS vulnerable, equally when we consider climate change, it’s clear that the business as usual will no longer be adequate for industrial and sustainable development in the global South, especially in the context of the blue economy. Greening our industrial estates through innovative technology will remain a key strategic objective at the Corporation, especially if the technology under consideration can positively impact of manufacturing and commodity export portfolio”, states BIDC Chief Executive Officer Mr. Mark Hill.

The MoU follows a growing interest in ocean-based climate solutions among SIDS, which face increasing pressure to enhance energy security and reduce carbon emissions. Global OTEC’s modular approach to the technology is designed to integrate with island grids, offering a sustainable alternative to diesel generation and can provide energy redundancy to the grid after severe weather impacts from tropical storms. BIDC’s green hydrogen targets can also be assisted by Global OTEC’s technological solution.

Global OTEC is also leading the EU-funded project PLOTEC, which built and will test a floating storm-resistant structure for OTEC in weather-prone regions, such as the Caribbean. The advancements in design and materials will make ocean energy more resilient to tropical storms and severe climate conditions, leaving countries like Barbados less vulnerable to electricity outages, particularly when needed the most.

Barbados has previously expressed interest in OTEC, as last year Global OTEC presented its projects in a roundtable at the Export Barbados (BIDC) headquarters. “Barbados continues to lead by example in the global blue economy. This MoU builds on our longstanding engagement with the country and signals our commitment to making Barbados the launchpad for a Caribbean cluster of ocean thermal projects. We can unlock clean, reliable power from the ocean, and Barbados is showing the region how it can be a lighthouse for the region”, emphasises Global OTEC Founder and CEO Dan Grech.

OTEC: a great fit for the Caribbean

The Caribbean is facing an energy crisis, commonly referred to as a “fuel trap”. To escape this trap, the region needs renewable energy technologies that take into account its unique characteristics, such as limited land space and vulnerability to tropical storms. In addition, there is an urgent need to reduce electricity prices, which are currently around USD 0.25 per kWh on average, more than double the average price in the United States. In some Caribbean countries, the prices can go up to over USD 0.40 per kWh.

As these countries rely heavily on fossil fuels, with more than 90% of their electricity supply coming from this source, the consequent high and fluctuating costs affect competitiveness, and productivity and perpetuate poverty. OTEC can help the Caribbean overcome its energy challenges, harnessing the power of the ocean, the islands’ main natural resource, to deliver clean and reliable power while reducing diesel costs by up to 50%.

About Global OTEC

Global OTEC is a UK-based company set up to accelerate the commercialization of a floating OTEC technology to develop zero-carbon, baseload, clean energy sources that achieve maximum impact in empowering SIDS, Least Developing Countries (LDCs) and Coastal Nations with energy security whilst helping the Earth reduce greenhouse gas emissions and eventually eliminate total dependence on fossil fuel.

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Fighting the fungus foe of the beloved banana

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How Venezuelan farmers are learning to grow and live with a devastating plant disease

 

In the fields of Venezuela, where the banana has been for generations a symbol of sustenance and tradition, a shadow fell across the land. In 2023, Venezuela’s National Institute of Integral Agricultural Health (INSAI) declared a phytosanitary emergency: the fungus Fusarium Tropical Race 4 (TR4) (Fusarium oxysporum f. sp. cubense tropical race 4; syn. Fusarium odoratissimum) had arrived in producing areas in the states of Aragua, Carabobo and Cojedes.

This fungus, considered a devastating disease of banana and plantain (Musaceae) trees, can remain in the soil for more than two decades, threatening production and the lives of those who depend on it.

In the state of Aragua in the north of the country, the Renacer community had been growing bananas and plantains on 20 hectares since 2018. Then Fusarium arrived.

“When the disease hit, the entire plantation began to deteriorate. We refused to ‘die’ with the trees because that was our livelihood. The visits of INSAI confirmed that we had to chop down the banana trees. I cried a lot because I had worked with my banana trees for years,” recalls woman farmer, Lesbia Margarita García, with a broken voice.

In response, INSAI implemented measures to eliminate the affected plantations and improve the soil health by changing to other crops that allow agricultural production to recover. The Food and Agriculture Organization of the United Nations (FAO) offered assistance by providing corn seeds, tools, biosecurity inputs and training, with teams of experts helping farmers to start again.

“Planting corn, thanks to the INSAI-FAO programme, gave us a harvest that benefited everyone. We have been improving the soil,” says Lesbia Margarita with a smile. “Now we rotate crops, observe soil health and have learned how to use natural fertilizers. Expert assistance has been key.”

The pilot project works directly with affected producers in high-risk areas, promoting alternative crops such as cereals and vegetables, delivering inputs and tools to mitigate damage and applying biosecurity measures for safe and effective containment.

“Beyond the corn received, we have already planted cassava, chili peppers, beans and pumpkin. We hope that by the end of the year [2025] we will be diversified and that each season we will have something to sell. These lands do not give up,” says Lesbia Margarita with conviction.

The Renacer community is beginning to see fruits. Their products are reaching local markets, generating income and rebuilding their livelihoods.

Key actions to manage Fusarium TR4 are ongoing, including regular monitoring, continuous training, inter‑institutional coordination, updates to the national plan, information campaigns and producer impact assessments. INSAI is sustaining regulatory, surveillance measures and training —with FAO support—as part of a comprehensive long‑term strategy.

At the global level, FAO supports awareness raising, capacity building and international collaboration in the fight against Fusarium TR4 by facilitating the World Banana Forum and its Global Network on TR4.

“The objective is for countries to strengthen their operational and technical capacity, articulating actions between the public sector, the private sector and family farmers,” says Raixa Llauger, FAO Agriculture Officer in Mesoamerica. “FAO and local partners have promoted this approach in Venezuela.”

As an essential part of the activities, a comprehensive training programme was developed with activities that taught farmers how to identify the disease contain it and protect crops. In addition, FAO has distributed laboratory equipment, biosecurity tools and a multispectral drone to INSAI. Drones are an efficient and cost‑effective tool for phytosanitary surveillance, offering rapid, high‑resolution monitoring and early detection of plant pests and diseases.

Overall, the project strengthened biosecurity measures against the Fusarium fungus through the adoption of the National Action Plan and the establishment of partnerships with national and international institutions. In addition, the pilot initiative supporting smallholder farmers in key production areas and a nationwide awareness campaign with broad outreach improved surveillance, diagnosis and phytosanitary response capacities across the country.

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Widow’s Testimony Recounts Night Haiti President Was Killed

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MIAMI, Florida — Emotional testimony from Martine Moïse, the widow of assassinated Haitian President Jovenel Moïse, has given jurors in a U.S. federal courtroom a chilling account of the night gunmen stormed the presidential residence and killed the country’s leader.

Martine Moïse took the stand this week in Miami as part of the ongoing trial of several men accused of helping plan and finance the July 7, 2021 assassination, a crime that plunged Haiti into political crisis and remains only partially solved.

She told the court that armed men forced their way into the president’s private home in the hills above Port-au-Prince during the early morning hours, firing multiple shots at her husband while she lay beside him. She testified that she was also wounded in the attack and survived by pretending to be dead until the gunmen left the room.

According to prosecutors, the plot involved a group of foreign mercenaries, including former Colombian soldiers, along with Haitian and Haitian-American suspects. Investigators say some of the men believed the mission was to detain the president, but the operation turned into an assassination.

The Miami trial is focusing on the alleged role of South Florida businessmen and others accused of organizing or financing the plan, part of a wider international investigation that has stretched across several countries.

More than four years after the killing, the question of who ultimately ordered the assassination remains unanswered, with suspects still in custody in both Haiti and the United States as the case continues to unfold.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Jamaica Joins Afreximbank Agreement, Strengthening Africa–Caribbean Partnership

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CARIBBEAN — Jamaica has become the 13th CARICOM member state to accede to the African Export-Import Bank Establishment Agreement, further strengthening economic ties between Africa and the Caribbean.

The development was confirmed during the 50th CARICOM Heads of Government Meeting, where an Afreximbank delegation led by George Elombi and Kanayo Awani met with Jamaica’s Prime Minister Andrew Holness to advance cooperation.

Prime Minister Holness thanked the bank for its support following Jamaica’s recent hurricane, noting that Afreximbank financing helped restore critical infrastructure including water, electricity, sewage systems and roads, while also assisting reconstruction efforts aimed at building stronger resilience to future disasters.

The meeting also focused on broader development opportunities tied to Jamaica’s membership in the agreement. Discussions included rebuilding and modernising infrastructure such as railways, hospitals and other public facilities, while strengthening regional transportation and trade networks to improve the movement of people and goods across the Caribbean.

Afreximbank has been expanding its presence in the Caribbean as part of its strategy to connect Africa with the region often referred to as “Global Africa.” The bank has already committed billions of dollars in financing and trade support to Caribbean economies in recent years, including funding for infrastructure, trade facilitation and private sector investment.

By joining the agreement, Jamaica gains expanded access to Afreximbank’s financial instruments, technical support and trade networks designed to promote commerce between Africa and CARICOM states.

Regional leaders say the growing partnership could unlock new opportunities in areas such as trade, logistics, tourism, manufacturing and cultural exchange, strengthening economic cooperation between the two regions with deep historical and diaspora ties.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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