St. Lucia: Climate Change Policy Assessment
IMF Staff Country Reports, June 21, 2018
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- Canonical URL
- St. Lucia: Climate Change Policy Assessment
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Bibliographic details
- Published: June 21, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484362747.002
Overview and Purpose
- This paper takes stock of St. Lucia’s plans to manage climate change from the perspective of their macroeconomic implications.
- It suggests macro-relevant reforms that could strengthen the likelihood of success of the national strategy.
Key Findings
- To meet its renewable energy plans, St. Lucia will need to mobilize private investment.
- External assistance will be needed to develop supporting infrastructure.
- Building capacity for project assessment and investment promotion is a high priority to shape needed investments into bankable projects.
- Capacity-building would also be most useful to:
- help cost sectoral plans,
- complete the disaster-preparedness strategy,
- move toward carbon taxation,
- strengthen skills in public investment management and public financial management.
Policy Recommendations and Priorities
- Mobilize private investment to achieve renewable energy plans.
- Secure external assistance for developing supporting infrastructure.
- Prioritize capacity-building in:
- project assessment,
- investment promotion,
- costing sectoral plans,
- disaster-preparedness strategy completion,
- carbon taxation design and implementation,
- public investment management,
- public financial management (PFM).
Subjects and Keywords (as listed)
- Subjects: Budget planning and preparation, Carbon tax, Climate change, Climate policy, Environment, Natural disasters, Public financial management (PFM), Taxes
- Keywords: balance of payments, Budget planning and preparation, capital budget, capital stock, carbon tax, Carbon tax, Caribbean, climate change, Climate change, Climate policy, CR, credit line, Global, government financing, government program, interest rate, investment priority, ISCR, Natural disasters, price cap, private sector, risk management strategy, tax system
Content in this bundle
- Country Report