Green initiative – operational: Eastern Caribbean Central Bank

Eastern Caribbean Central Bank

Table of Contents

Share This News

Excerpt from

Central banks are playing a leading role in greening the financial sector, by such means as assessing climate-related risk in the financial sector or estimating the environmental impact of assets. There is another way in which they can affect the environment: by changing their own operations and premises.

In 2017, the Eastern Caribbean was hit by an especially violent series of hurricanes. In the aftermath, Eastern Caribbean Central Bank governor Timothy Antoine said the island economies needed to become more resilient and to reduce their own carbon output. The ECCB set out to become entirely carbon-neutral in its own operations by the end of 2022. The central bank serves a currency area comprising six states and two overseas territories.

By World Bank rankings, four of the six states are ‘upper-middle-income’ economies, and two are ‘high-income’. The ECCB’s headquarters are located on the largest island in the state of Saint Kitts and Nevis. The St Kitts premises had previously received all its electricity from the state-owned St Kitts Electricity Company, largely generated by carbon-intensive methods.

The ECCB’s leadership decided to cut the premises’ power consumption, and, more radically, to install solar photovoltaic (PV) panels to provide power. The final design saw the panels installed in a series of canopies erected on pillars above the cars in the premises’ car park. The ECCB named the project its ‘solar canopy’.


Don't Miss Out!

Join The Island Innovation Network!

This occasional newsletter highlights events and stories about innovation in sustainable development for rural, remote and island regions. We want to change the discourse to demonstrate how islandness can be a driver for innovation.

Invalid email address


A global media platform with unique insights into island sustainability.​

Content Library

A global media platform with unique insights into island sustainability.​

Find unique and insightful content on island sustainability

In our vast content library you will find original articles, webinars, interviews, past event sessions, island news and much more. Navigate through the categories to find information, get inspired and learn.

Generic filters

Giving visibility to projects worldwide

Our flagship event, the Virtual Island Summit, is one of the biggest events for sustainable development. Every year, it brings together over 10,000 stakeholders from around the world for a week-long virtual event covering every timezone.