The Current Challenge
Waste and energy challenges facing the West Indies and Europe are challenging and using incineration and landfill are no longer satisfactory solutions.
As the waste levels and energy demands increase, incineration is ‘creaking at the seams’ to keep up with the demand of waste disposal especially in the light of landfill no longer being acceptable.
Power demands have also seen a dramatic increase and governments, not just in Europe or the Caribbean, are encouraging alternative and renewable power sources.
The Barbados Solution
In May 2012, Barbados hosted the UN Development Program’s “Achieving Sustainable Energy for All in Small Island Developing States” conference in the capital Bridgetown, during which the country committed itself to the “Barbados Declaration” which agrees “to take actions toward providing universal access to energy, switching to renewable energy and reducing dependence on fossil fuels.”
With 40,000 solar water heaters already installed on domestic and commercial buildings, Barbados has made efforts to achieve this target and already has the fifth highest penetration of solar water heaters in the world.
The Government has established incentives for suppliers of renewable energy to build on this platform:
Duty free concessions on renewable energy and energy efficient products.
Income tax benefits.
Cahill Energy Limited will contribute to solving both the waste and energy security challenges that Barbados faces by financing and overseeing the construction and management of a Plasma Gasification plant using plasma technology in a specialized gasification system already proven and patented by Westinghouse Plasma Corporation.