With the exception of gas-rich Trinidad and Tobago, the 14 other countries of the Caribbean Community (CARICOM) are energy importers. In fact, 93 percent of the region’s energy needs are met by oil imports, which average 13 percent of GDP. Venezuela is the main supplier of oil to the Caribbean through the PetroCaribe agreement, formed in 2005, which provides oil on attractive … [Read more...] about Caribbean Energy Security is Good Business
There are strong and intriguing parallels between the performances of the West Indian Cricket team and the region’s economy during the past three decades. The Windies’ successes remained sporadic until the 1960s, when the side changed from a white-dominated to a black-dominated team – the Windies became more inclusive and more competitive where team selection was based on … [Read more...] about What’s Cricket Got to Do with it?
Antigua and Barbuda: Energy Market Overview Antigua and Barbuda is a two-island state located in the Eastern Caribbean, home to a population of 82,000 people. It is the wealthiest of the Eastern Caribbean states and also has the highest per capita consumption of electricity. The national economy is dominated by the tourism industry which accounts for more than half of the GDP, … [Read more...] about Antigua and Barbuda’s Energy Market
Saint Kitts and Nevis: Energy Market Overview The two-island state of St. Kitts and Nevis is part of the Leeward Islands chain in the Eastern Caribbean. The two islands are home to a population of 51,300. About 75 percent of the population, about 40,000, reside on St. Kitts, the remaining approx. 12,000 live on Nevis. The island states’ economy is dominated by the tourism … [Read more...] about Saint Kitts and Nevis’ Energy Market
by Christopher Barton On December 5, the IDB hosted a regional, ministerial-level energy conference entitled, “The Caribbean’s Energy Future: A Pathway to Regional Fiscal Stability” in Washington, DC. IDB President Luis Alberto Moreno opened the conference with a regional call to action. Dr. Ernest Moniz, the United States’ Secretary of Energy, gave the keynote address and … [Read more...] about High Energy Costs Provoke a Caribbean Regional Call to Action