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Barbados

Critical minerals, policy, and the energy transition

The Energy Transition in Barbados

Barbados’ energy transition is underpinned by its ambition to achieve 100% renewable energy and carbon neutrality by 2030, as outlined in the Barbados National Energy Policy (BNEP). The country’s current energy mix remains dominated by imported fossil fuels, though significant progress has been made in solar PV adoption, including distributed rooftop systems, utility-scale solar farms, and emerging battery storage solutions. The government promotes investment through feed-in tariffs and incentives for renewable energy development, supported by regional initiatives like CARICOM’s Energy Policy and the CCREEE framework. Barbados does not possess domestic critical minerals production and remains fully dependent on imports for key materials such as lithium, cobalt, nickel, and rare earth elements. The island’s Exclusive Economic Zone (EEZ) presents potential for offshore wind and ocean energy, though seabed mineral resource exploration is not currently active. Core challenges include hurricane vulnerability, grid integration issues, and financing gaps, while opportunities are driven by strong policy commitment, regional leadership in the energy transition, and access to climate finance for resilient, low-carbon energy development. Barbados stands out for its bold 2030 renewable energy and carbon neutrality targets, underpinned by strong policy frameworks. Maintaining this leadership will require sustained investment, grid modernisation, and active engagement in regional and global energy transition initiatives.

 

Barbados' international economic, trade, and security alliances
Energy Raw Materials and products produced in Barbados
Essential minerals production and products in Barbados

The journey of Central America and The Caribbean's critical minerals

Central America's progress in renewable energy is anchored on essential minerals like lithium, nickel, cobalt, PGMs, rare earths, and minor metals. These are crucial for advancing low carbon and future technologies, backed by policies promoting sustainable mining and innovation. This strategy emphasizes the significance of these minerals in paving the way toward a sustainable and energy-secure future. Learn how these critical minerals are fundamental to Central America's transition to sustainable energy.

Critical Minerals, Energy, Policy and Legislation

SFA (Oxford) leads the way offering authoritative analysis of national policies to critical minerals management.

Central America and the Caribbean

Central America and the Caribbean's geothermal and bauxite resources are central to regional energy strategies. The economic emphasis is leveraging geothermal potential for sustainable energy and exploiting bauxite within environmentally sensitive frameworks.

Rare Earths Elements

Critical components powering the global economy, from high-tech consumer electronics to essential renewable energy technologies.

Minor Metals and Minerals

Minor metals play a pivotal role in advancing the energy transition by enabling significant improvements in energy efficiency and the performance of clean energy technologies.

Meet the Critical Minerals team

Trusted advice from a dedicated team of experts.

Henk de Hoop

Chief Executive Officer

Beresford Clarke

Managing Director: Technical & Research

Jamie Underwood

Principal Consultant

Ismet Soyocak

ESG & Critical Minerals Lead

Rj Coetzee

Senior Market Analyst: Battery Materials and Technologies

How can we help you?

SFA (Oxford) provides bespoke, independent intelligence on the strategic metal markets, specifically tailored to your needs. To find out more about what we can offer you, please contact us.

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