Finance Minister Dr Nigel Clarke - FILE PHOTO
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Finance Minister Dr. Nigel Clarke has disclosed that Jamaica spends about US$2 billion annually on the import of non-renewable energy resources.
Dr. Clarke, who spoke recently at the launch of the Caribbean Community Resilience Fund, said the country's economic vulnerability would be substantially lowered, if this expenditure could be reduced.
Jamaica aims to increase its use of renewable energy to 50 per cent of its energy mix by 2030.
This goal is part of the National Energy Policy, which seeks to diversify energy sources, reduce dependence on imported oil, and promote sustainability.
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