Powering the Future: Energy Transition Strategies for the ECCU

ByPeter Nagle, Camilo E Tovar Mora, Diego A Gutierrez

May 26, 2025

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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.

Subject: Commodities, Electricity, Energy prices, Oil, Prices

Keywords: Caribbean, ECCU, Economic Resilience, Electricity, energy dependence, Energy prices, Energy Transition, energy transition Strategies, Oil, Oil Dependence, reducing energy dependence in the ECCU, Western Hemisphere department

Pages:
13
Volume:
2025
DOI:
https://doi.org/10.5089/9798229010566.018
Issue:
066
Series:
Selected Issues Paper No. 2025/066
Stock No:
SIPEA2025066
ISBN:
9798229010566
ISSN:
2958-7875

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