Chapter 13. Energy Diversification: Macro-Related Challenges
Author: Mr. Krishna Srinivasan, Ms. Inci Ötker1, Ms. Uma Ramakrishnan, and Mr. Trevor Serge Coleridge Alleyne
  • 1 0000000404811396https://isni.org/isni/0000000404811396International Monetary Fund
Language:
English
Keywords:
BOOK; cost; bank; tariff rate; energy efficiency; renewable energy; cost saving; purchase agreement; Energy sector; Electricity; Oil prices; Renewable energy; Public investment and public-private partnerships (PPP); Caribbean

Abstract

The cost of electricity in the Caribbean has been persistently high over the past two decades, and has eroded competitiveness. This situation is largely due to serious inefficiencies in the power sector and dependence on expensive imported petroleum products, reflecting limited energy diversification. In turn, these problems have contributed to the region’s high cost of doing business and increased external sector vulnerabilities, and have undercut growth in many Caribbean economies.

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Cover Unleashing Growth and Strengthening Resilience in the Caribbean
Unleashing Growth and Strengthening Resilience in the Caribbean
Author: Mr. Krishna Srinivasan, Ms. Inci Ötker, Ms. Uma Ramakrishnan, and Mr. Trevor Serge Coleridge Alleyne
ISBN:
9781484315194
Publication Date:
13 Nov 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781484315194.071
Pages:
378