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4.10. (...) Hurricane Maria had a sizeable impact on fisheries: up to 370 vessels were reported as damaged and key infrastructure also needed restoration. [141] (...)
[141] Ministry of Blue and Green Economy, Agriculture and National Food Security, Dominica Emergency Agriculture Livelihoods and Climate Resilience Project (DEALCRP).

4.12. In 2021, the sources for electricity generation in Dominica are imported fossil fuels (80.2%) and hydro (19.7%). The Government aims for greater penetration of renewable energy and increased energy efficiency. In this regard, the Government stated an objective of 100% renewable energy by 2030, and the IRC launched a review of the regulatory framework to ensure its effectiveness towards these policy objectives. The Geothermal Resources Development Act 2016[144] provides for the regulatory framework for the development of geothermal electricity generation and notably defines conditions for reconnaissance, exploration, use, and export. In this regard, the Government launched the development of a geothermal electricity plant through the Dominica Geothermal Development Company Limited, a government-owned company, with the assistance of several development partners. Following a public tender for its construction in 2019, the plant is expected to become operational by 2024; however, its construction has not yet started.
[144] Geothermal Resources Development Act 2016, Act No. 12 of 2016.

4.13. (...) After Hurricane Maria, the generation of solar energy, mainly for self-consumption, has been on the rise. [146] The numerous private producers of stand-by solar generation are paid based on a net billing mechanism which takes into account fuel costs and savings for solar generation. (...) Since Hurricane Maria hit Dominica in 2017, the recovery of essential infrastructure (e.g., electricity and water) has remained an important challenge for the authorities. (...)
[146] Equipment for solar energy generation are exempted of customs duties.

4.16. The authorities indicate that the DBOS[the Dominica Bureau of Standards] has adopted standards on energy efficient technologies.

4.28. (...) The rapid growth of credit unions and their important participation in terms of deposits by commercial banks (close to one third in 2018) mean that both segments are becoming more intertwined. [167] (...)
[167] Credit unions also propose some insurance products and mobile wallet products; the former were developed in collaboration with Climate Resilience Execution Agency for Dominica.

4.57.(...)The Government aims at creating a higher standard of living and well-being for the people of Dominica through the development of tourism on a sustainable basis and aims for the tourism sector to contribute up to 23% of GDP by 2022.(...)

Table 4.3 Revenue collected on tourism activities, FY2013/14 FY2020/21
(XCD '000)
(...)
Cruise environmental tax: (2013/14)3,145.3, (2014/15)2,808.1, (2015/16)3,253.7, (2016/17)4,268.3, (2017/18) 406.8, (2018/19)3,619.6, (2019/20)2,394.9, (2020/21)678.4
(...)
(...)

Table A2. 1 Notifications to the WTO, 2014-22 (September)
(...) Agreement on Technical Barriers to Trade:
WTO Agreement: Article 10.6
Description of the requirement: Specification for biodegradable products used as single use bags or in food service (ICS 13.030.99 and ICS 55.020)
Periodicity:Ad hoc
Latest notification/date: G/TBT/N/DMA/16, 08/09/2020
(...)

1.1. (...) As a small island economy, Grenada is susceptible to external shocks such as natural disasters, and global market fluctuations.

1.3. Grenada's economy was hit hard by two hurricanes (Ivan 2004 and Emily 2005) at the beginning of the new century. According to the authorities, the damages by the hurricanes exceeded 200% of GDP; 90% of the buildings (including tourism facilities) and a large percentage of tree crops were damaged or destroyed. (...)