BY GETTING THE Barbados National Terminal Company Limited (BNTCL) off its hand Government is better set to look at the renewable energy sector as a means of earning revenue.
This is the view of president of the Barbados Renewable Energy Association (BREA), Aidan Rogers, who said with Government committed to reducing its use of fossil fuels, the BNTCL was an asset it would be best to divest of.
“It was best to divest ownership of the BNTCL. It would make sense given the current fiscal environment to possibly sell this asset whose future, based on the Government’s international commitments, would be one where we could possibly see some decline in its revenue base over the next decade,” Rogers said.
In November 2015, the Barbados Government at the Paris Conference of parties 21st meeting (COP), committed to reducing its greenhouse gas emissions by 30 per cent by 2030. (LK)
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