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
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Antigua and Barbuda’s Energy Market
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
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
High Energy Costs Provoke a Caribbean Regional Call to Action
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
The IDB’s Country Strategy with the Government of The Bahamas
by Michael Nelson, Natalie Bethel, Astrid Wynter and Cherran O’Brien Is national income per capita a comprehensive reflection of the development status of a country? What if it is an archipelagic nation lying in the middle of the hurricane belt with a small population, high geographic and economic concentration of production, high reliance on one market for export earnings, … [Read more...] about The IDB’s Country Strategy with the Government of The Bahamas