Overview
WHO WE ARE
Launched in April 2024, the SuRGE Programme focuses on accelerating the sustainable energy transition in the Caribbean.
The Programme is financed with CAD58.5 million in funding provided by the Government of Canada, including loan financing to support priority capital projects and grant financing to support complementary technical assistance and capacity building activities.
WHAT WE DO
SuRGE supports capital investments and complementary technical assistance projects that focus on achieving three main objectives:
- reducing GHG emissions from the energy sector.
- enhancing the climate resilience of the energy supply and infrastructure; and
- increasing the extent to which women participate in, and benefit from, the energy transition.
SuRGE aims to not only support investments that respond to immediate infrastructure needs, but also to strengthen local capacity and enabling environments to underpin further planning and investments well into the future. In short, SuRGE is expected to play a catalytic role in the longer-term process of transforming the energy sector toward a more resilient, low-emissions, gender-equitable and socially inclusive development pathway. In so doing, SuRGE will be a cornerstone of the Accelerated Sustainable Energy and Resilient Transition 2030 (ASERT-2030) umbrella initiative being led by CDB to catalyse transformative change in the energy sector.
WHY SuRGE
The preparation, development and implementation of sustainable energy investment projects in the Caribbean face many market failures/challenges which typically results in a higher cost of capital, inadequate climate resilience, and delayed investments. The SuRGE Programme seeks to help address these barriers through the concessionality of the investible resources, and the grant funding to strengthen local capacity and enabling environments.
Contact
Mr. Joseph Williams
PARTNER
