Renewable energy could help islands in the Caribbean be more resilient in the face of future hurricanes – and billionaire Richard Branson wants to make that happen. He’s spearheading a plan for recovery centering on renewable energy. Replacing fossil fuel power grids with clean energy sources like solar and wind could also promote economic development.
Hurricanes Irma and Maria devastated Caribbean islands. Now, Branson aims to help them rebuild. He has spoken with lenders and foundations about a fund to pay for a Disaster Recovery Marshall Plan, a name that nods to the Marshall Plan to rebuild Western Europe following World War 2. His efforts, which focus on renewable energy, could also include debt relief negotiations in which the International Monetary Fund (IMF) might be involved – Branson met with IMF managing director Christine Lagarde and said she was willing to facilitate meetings between creditors and Caribbean nations. He also said in a blog post he met recently with over 50 representatives from Caribbean governments and utility companies.
He told the Thomson Reuters Foundation, “We want to move the Caribbean countries into clean energy and make them more sustainable, which will make dealing with hurricanes much easier. The Caribbean heads of state agree with one voice that this is a good idea.”
Branson rode out Hurricane Irma in a cellar on Necker, his private island in the British Virgin Islands. The island’s solar-powered microgrid weathered the storm well, he said, with the solar panels running again just 24 hours after the hurricane.
In a blog post, Branson said people interested in helping could donate to the BVI Community Support Appeal, which aims “to raise money for the long term reconstruction” of the British Virgin Islands.