IMF Staff Country Reports

St. Lucia: Climate Change Policy Assessment

June 21, 2018

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St. Lucia: Climate Change Policy Assessment, (USA: International Monetary Fund, 2018) accessed September 20, 2024

Summary

This paper takes stock of St. Lucia’s plans to manage climate change, from the perspective of their macroeconomic implications, and suggests macro-relevant reforms that could strengthen the likelihood of success of the national strategy. 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. Elsewhere, capacity-building would be most useful to help cost sectoral plans, complete the disaster-preparedness strategy, move toward carbon taxation, and strengthen skills in public investment management and public financial management.

Subject: 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

Publication Details

  • Pages:

    69

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/181

  • Stock No:

    1LCAEA2018002

  • ISBN:

    9781484362747

  • ISSN:

    1934-7685