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Caribbean Energy: Macro-Related Challenges
Author:
Arnold McIntyre
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Ahmed El-Ashram
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Mr. Márcio Valério Ronci
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Julien Reynaud
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Ms. Natasha X Che
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Ke Wang
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Mr. Sebastian Acevedo Mejia
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Mr. Mark Scott Lutz
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Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 053
Language:
English
Publication Date:
08 Mar 2016
DOI:
https://doi.org/10.5089/9781513560908.001
ISBN:
9781513560908
ISSN:
1018-5941
Pages:
67
Keywords:
WP; electric energy; oil price; Energy Reform; Oil Price Shocks; Caribbean; Economic Growth; Renewable Energy; Energy Efficiency; Public Investment; Infrastructure; Debt Sustainability; PPP; cost saving; core inflation; energy efficiency cost curve; financing terms; net exporter; recovery mechanism; generation cost assumption; fuel cost recovery mechanism; capital cost; oil price development; energy investment; Oil prices; Energy sector; Energy prices; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It presents recommendations to move the energy agenda forward based on analyses of macro-aspects of energy reform. These include: i) quantitative assessment of the impact of energy costs on growth and competitiveness; ii) evaluation of gains from implementing announced renewable energy and energy efficiency targets; and iii) analysis of the impact of energy investments on debt sustainability. The paper argues for a bigger role for the private sector in energy reform and discusses prerequisites for good public-private partnerships.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund