Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Get Ahead Of 'Go Green' Business Opportunities

Get Ahead Of 'Go Green' Business Opportunities

Residents are being urged to put on their entrepreneur hat and get ahead of the business opportunities associated with the government’s go green initiative.
Premier and Finance Minister Hon. Andrew Fahie said government has already set the stage with the passing of the amended Customs Management and Duties Act dubbed the BVI Going Green Initiative back in August.

“For example, we have passed the Go Green legislation and persons supposed to be now thinking ahead and start thinking outside of the box and start looking for different things to offer the visitors and even the residents,” he said on Tuesday October 18 during the Virgin Islands Party (VIP) radio programme.

He continued: “Because electric charging stations, would be areas people starting to invest in. You just need to look at those areas that are unique entrepreneurial and stay ahead of the time and not even be on the cutting edge, but on the...edge of entrepreneurial spirit which is the foundation of a BVIslander.”

The Finance Minister said the COVID-19 pandemic is teaching 'us' that industries are changing, “new opportunities will open. Ao not let us get stuck in how things use to be before COVID and for it to go back there.”

With the go green initiative, government is projecting that it would save residents collectively over $78 million over a five-year time span.

Under the amended Customs Management and Duties Act, the initiative makes provision for residents to make significant savings by adopting or transitioning to green, renewable energy sources such as solar and wind energy and transitioning to electric vehicles.

Premier Fahie previously explained that green renewable equipment, vehicles, boats and transportation in general, solar-powered electric systems, lights, wind-powered electric systems, waste-to-energy (WTE) Powered Electric Systems, hydro-powered electric systems, geothermal powered electric systems, tidal wave energy powered electric systems, biomass energy powered electric systems, energy efficiency systems and the like will be zero-rated for the next two years.
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
×