Natural resources and energy
Saint Vincent and the Grenadines have no
significant natural resources. Imported oil covers most
of the energy needs. The transport sector is the largest
Electricity is extracted from the many water flows on
the island of Saint Vincent, where a first hydropower
plant was built as early as the 1950s. Some incineration
of waste and other materials also produces electricity.
The government secured a loan from abroad in 2016 to
build a geothermal plant.
Major exports by St. Vincent and The Grenadines with a full list of the top products exported by the country. Includes trade value in U.S. dollars and the percentage for each product category.
A Canadian company began drilling in 2005 for oil
outside the archipelago. The same year, Saint Vincent
and the Grenadines joined the Venezuelan oil partnership
Petrocaribe, which means that the country buys
Venezuelan oil on favorable terms.
The extensive boat traffic around the islands creates
environmental problems due to emissions. In their
places, the pollution is so extensive that a bathing ban
has been introduced.
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FACTS - ENERGY AND ENVIRONMENT
Energy use per person
642 kilos of oil equivalents (2007)
Carbon dioxide emissions in total
209,000 tonnes (2014)
Carbon dioxide emissions per inhabitant
1.9 tons (2014)
The share of energy from renewable sources
5.8 percent (2015)