Kingston, Jamaica – In a significant move aimed at addressing the rising cost of living, Prime Minister Andrew Holness announced the signing of a Memorandum of Understanding (MOU) with Canadian Nuclear Laboratories and Atomic Energy of Canada Limited on October 22, 2024. This partnership seeks to explore clean and affordable energy solutions that promise to lower electricity costs for Jamaican households.
During the announcement, Holness emphasized the broader impact of energy costs on the cost of living. “Everything you use and consume makes up the cost of living. This includes what you pay for electricity,” he stated. The Prime Minister highlighted that diversifying Jamaica’s energy mix is a critical step in making it more affordable for citizens.
Everything you use and consume makes up the cost of living. This includes what you pay for electricity.
As we take steps to reduce your cost of living, we are seeking to diversify our energy mix to make it more affordable to you.
Today, we have taken a bold step towards… pic.twitter.com/jhXTx3bGak
— Andrew Holness (@AndrewHolnessJM) October 22, 2024
The MOU signifies a commitment to investigate sustainable energy options that could lead to reduced prices not only for electricity but also for everyday goods. Holness noted, “This means more money staying in your pocket, a stronger economy, and better opportunities for everyone!”
He reassured citizens that the government remains focused on ensuring that all initiatives are taken with their safety and well-being in mind. “This is just the beginning of an important conversation,” he added. The Prime Minister expressed confidence that this partnership will contribute to Jamaica’s long-term energy security and economic stability.
As the nation moves towards a sustainable energy future, the government’s commitment to reducing living costs and promoting clean energy aligns with global trends in environmental responsibility and economic resilience. Holness concluded by affirming that this initiative is part of a broader strategy to support families and bolster the economy, reiterating his administration’s dedication to caring for the people of Jamaica.
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