MIAMI, Oct 28 (Thomson Reuters Foundation) – A plan by British billionaire Richard Branson to lead a post-hurricane rebuilding effort in the Caribbean, with a focus on clean energy projects, may include debt relief negotiations mediated by the International Monetary Fund.
Branson is spearheading a plan to help Caribbean nations recover after Hurricanes Irma and Maria ravaged several islands. The centerpiece of the plan is a push to replace outdated fossil-fuel power grids with renewable energy systems that can withstand extreme weather and boost economic development in Caribbean.
For the past month, the founder of the Virgin Group conglomerate has been in talks with some of the worlds top multilateral lenders and foundations to set up a …
Read the full article at: https://www.reuters.com/article/caribbean-energy-branson/richard-bransons-green-energy-plan-for-caribbean-may-include-debt-relief-idUSL8N1N27JF
