Accelerating private investment for a secure, resilient, and low carbon energy future through the Caribbean Regional Energy Policy Dialogue 2023 Energy services are key for improving lives across the Caribbean. The region experiences some of the highest electricity costs globally due to their heavy reliance on imported fossil fuels for power generation, thus impacting their … [Read more...] about Bringing together the Caribbean through Energy
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A nature-based asset in action: Transforming Guyana with renewables
With over 11 billion barrels of oil reserves (one of the highest levels per capita in the world) and GDP growth rates and fiscal revenues rising tremendously over time, Guyana, as a new oil producer, is at the threshold of a new era. At the same time, the Government of Guyana is embarking on a cleaner transformation for domestic electricity generation, taking advantage of its … [Read more...] about A nature-based asset in action: Transforming Guyana with renewables
Communication Strategies: A Key Element for Energy Subsidy Reforms in Latin America and the Caribbean
Energy subsidies are widely used across the globe. The International Monetary Fund (IMF) estimates that energy subsidies cost trillions of dollars each year as they are increasingly used due to fiscal constraints, peaks in fuel prices, and the misalignment of incentives with climate change efforts. In addition to the heavy burden, … [Read more...] about Communication Strategies: A Key Element for Energy Subsidy Reforms in Latin America and the Caribbean
Keeping the lights on during natural disaster: Lessons in resilience
The authors would like to thank Veronica Prado, Jordi Abadal and Rochelle Johnson for their inputs to prepare this blogpost. The Caribbean is no stranger to external economic shocks and climate disasters. As small, open economies with limited economies of scale, weak institutions, high fiscal deficits, it hinders its ability to readily adapt and transform amid exogenous … [Read more...] about Keeping the lights on during natural disaster: Lessons in resilience
Leveraging the Benefit of Low Oil Prices: A Call for Hedging Actions
For several weeks now the world has been suffering the impacts of COVID-19. One of the immediate impacts of the crisis has been a significant drop in economic activity, resulting in a sudden fall in demand and inevitably world oil prices. Such low oil prices had not been witnessed since the 2008 global financial crisis. For how long these prices will remain low is a big … [Read more...] about Leveraging the Benefit of Low Oil Prices: A Call for Hedging Actions