HAVANA, December 2024 – In a significant push to address its ongoing energy crisis, Cuba has implemented a groundbreaking law requiring major energy consumers, including both state-run and private entities, to invest in renewable energy sources. The regulation, known as Decree 110, came into effect in late November and is already reshaping energy policies across the nation.
A Strategic Shift in Energy Policy
Cuba has been grappling with energy shortages due to fuel supply constraints and aging infrastructure. Decree 110 mandates that industries consuming high levels of energy must allocate resources toward renewable solutions such as solar panels, wind farms, and biofuel alternatives. The law also incentivizes small businesses and residential consumers to adopt energy-efficient technologies, offering tax breaks and subsidies.
The initiative is expected to enhance energy resilience, reduce dependence on imported fossil fuels, and decrease greenhouse gas emissions. However, experts warn that significant upfront costs could pose challenges for smaller entities trying to comply with the regulations. Despite this, the government remains optimistic, highlighting the long-term benefits of transitioning to a sustainable energy model.
This policy shift aligns with global trends emphasizing renewable energy development, especially in regions vulnerable to climate change. Cuba’s leadership sees this as an opportunity to showcase its commitment to sustainable development while mitigating the impacts of its ongoing energy crisis