National

The Cost of Non-Renewable Energy

NASSAU, BAHAMAS – Imported energy – the cost of oil – and how it is used in The Bahamas is just one of the factors impacting the economic recovery locally.

Published

2 years ago

February 2, 2023

Kristina Dragovich

NASSAU, BAHAMAS – Imported energy – the cost of oil – and how it is used in The Bahamas is just one of the factors impacting the economic recovery locally.

The Bahamas continues to rely on fossil fuels to keep our economy and homes going. That reliance on non-renewable resources causes the release of harmful greenhouse gases, including carbon dioxide. Ultimately, those greenhouse gases

Our homes and cars are two places where the price of energy hits the hardest.

Central Bank Governor John Rolle explains that from the cars we drive, to how we stay cool during the hot summer months, the bills are racking up.

And the cost of energy is also making an impact on the economy’s golden goose – tourism.

The Bahamas may be one of the closest island destinations to the United States, but Rolle says the cost of getting here may be a factor that may cause a potential visitor to look elsewhere.

So how do we break our addiction to fossil fuels?

According to the United Nations, it is estimated that 90 percent of the world’s electricity can and should come from renewable energy by 2050.

That starts with a focus on getting energy from the sun, wind, and water.