Powering the Future: Energy Transition Strategies for the ECCU

Author: Peter Nagle, Mr. Camilo E Tovar Mora, and Diego A Gutierrez

Reducing energy dependence in the ECCU entails improving energy efficiency and shifting from fossil fuels to renewable energy.

Volume/Issue: Volume 2025 Issue 066

Publication date: May 2025

ISBN: 9798229010566

$15.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Environmental Conservation and Protection , Natural Resources , ECCU , Caribbean , Energy Transition , Oil Dependence , Economic Resilience , Private investment , Natural disasters , Oil prices , Monetary unions , Oil , Renewable energy , Electricity , Energy conservation , Energy prices , Non-renewable resources

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Summary

Reducing energy dependence in the ECCU entails improving energy efficiency and shifting from fossil fuels to renewable energy. This energy transition will affect the transmission of and vulnerability to shocks (e.g., from natural disasters or commodity markets) while at the same time helping to reduce economic imbalances and enhance growth potential. Policymakers need to establish frameworks to maximize the benefits of the energy transition, while ensuring it is sustainable and equitable.