{
  "title": "Powering the Future: Energy Transition Strategies for the ECCU",
  "publication": "Selected Issues Papers, May 26, 2025",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/29/powering-the-future-energy-transition-strategies-for-the-eccu-567162",
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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.",
  "sections": [
    {
      "heading": "Overview / Executive summary",
      "content": "- Reducing energy dependence in the ECCU entails improving energy efficiency and shifting from fossil fuels to renewable energy.\n- This energy transition will affect the transmission of and vulnerability to shocks (e.g., from natural disasters or commodity markets).\n- The transition can help to reduce economic imbalances and enhance growth potential.\n- Policymakers need to establish frameworks to maximize the benefits of the energy transition, while ensuring it is sustainable and equitable."
    },
    {
      "heading": "Key findings",
      "content": "- Energy efficiency improvements and a shift to renewable energy are central to reducing energy dependence in the ECCU.\n- The energy transition alters how shocks are transmitted and the vulnerability of the economy to shocks, including those from natural disasters and commodity markets.\n- Properly managed, the transition contributes to reducing economic imbalances and enhancing growth potential."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Establish policy frameworks to maximize the benefits of the energy transition.\n- Ensure that transition frameworks prioritize sustainability and equity."
    },
    {
      "heading": "Implications for resilience and shock transmission",
      "content": "- Changes in energy mix will influence vulnerability to external shocks.\n- Transition strategies need to account for altered shock transmission channels from both natural disasters and commodity market volatility."
    },
    {
      "heading": "Publication and metadata",
      "content": "- Title: Powering the Future: Energy Transition Strategies for the ECCU\n- Authors: Peter Nagle, Camilo E Tovar Mora, Diego A Gutierrez\n- Date: May 26, 2025\n- Series: Selected Issues Paper No. 2025/066\n- Issue: 066\n- Volume: 2025\n- Pages: 13\n- DOI: https://doi.org/10.5089/9798229010566.018\n- Stock No: SIPEA2025066\n- ISBN: 9798229010566\n- ISSN: 2958-7875\n- Subject: Commodities, Electricity, Energy prices, Oil, Prices\n- 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\n\nPowering the Future: Energy Transition Strategies for the ECCU, Selected Issues Papers, Peter Nagle; Camilo E Tovar Mora; Diego A Gutierrez, May 26, 2025.\n\n---\n\n Content in this bundle\n\n- Sipea2025066\n  - Sipea2025066 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sipea2025066 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2025/05/29/powering-the-future-energy-transition-strategies-for-the-eccu-567162"
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    "Authors: Peter Nagle, Camilo E Tovar Mora, Diego A Gutierrez",
    "Published: May 26, 2025",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798229010566.018",
    "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).",
    "The transition can help 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.",
    "Energy efficiency improvements and a shift to renewable energy are central to reducing energy dependence in the ECCU.",
    "The energy transition alters how shocks are transmitted and the vulnerability of the economy to shocks, including those from natural disasters and commodity markets.",
    "Properly managed, the transition contributes to reducing economic imbalances and enhancing growth potential.",
    "Establish policy frameworks to maximize the benefits of the energy transition.",
    "Ensure that transition frameworks prioritize sustainability and equity.",
    "Changes in energy mix will influence vulnerability to external shocks.",
    "Transition strategies need to account for altered shock transmission channels from both natural disasters and commodity market volatility.",
    "Title: Powering the Future: Energy Transition Strategies for the ECCU",
    "Authors: Peter Nagle, Camilo E Tovar Mora, Diego A Gutierrez",
    "Date: May 26, 2025",
    "Series: Selected Issues Paper No. 2025/066",
    "Issue: 066",
    "Volume: 2025",
    "Pages: 13",
    "DOI: https://doi.org/10.5089/9798229010566.018",
    "Stock No: SIPEA2025066",
    "ISBN: 9798229010566",
    "ISSN: 2958-7875",
    "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",
    "**Sipea2025066**"
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