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Modelling Long-Run Energy Development Plans: The Case of Barbados

Author

Listed:
  • Winston Moore
  • Mika Korkeakoski
  • Jyrki Luukkanen
  • Laron Alleyne
  • Abdullahi Abdulkadri
  • Noel Brown
  • Therese Chambers
  • Orlando Costa
  • Alecia Evans
  • Sidonia McKenzie
  • Dwight Reid
  • Luis Vazquez Seisdedos

Abstract

Barbados spends approximately seven percent of annual gross domestic product (GDP) on imported fuel, a significant amount in a foreign exchange constrained economy. In addition, to the foreign exchange burden of imported fuel, the relatively high cost of electricity is a major constraint impacting on the external competitiveness of local businesses. This paper therefore contributes to the literature building a disaggregated model of the island’s long run energy development that accounts for both supply-side energy features as well as demand-side changes, particularly in relation to energy efficiency. It is expected that the study would be able to identify any potential shortfalls in future energy supply under various scenarios of economic development.

Suggested Citation

  • Winston Moore & Mika Korkeakoski & Jyrki Luukkanen & Laron Alleyne & Abdullahi Abdulkadri & Noel Brown & Therese Chambers & Orlando Costa & Alecia Evans & Sidonia McKenzie & Dwight Reid & Luis Vazquez, 2016. "Modelling Long-Run Energy Development Plans: The Case of Barbados," EcoMod2016 9403, EcoMod.
  • Handle: RePEc:ekd:009007:9403
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    File URL: http://ecomod.net/system/files/Vision%20LINDA%20Barbdos%20v1.6.pdf
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    References listed on IDEAS

    as
    1. Carter, Adrian & Craigwell, Roland & Moore, Winston, 2012. "Price reform and household demand for electricity," Journal of Policy Modeling, Elsevier, vol. 34(2), pages 242-252.
    2. repec:aph:ajpbhl:10.2105/ajph.2012.300939_6 is not listed on IDEAS
    3. Francis, Brian M. & Moseley, Leo & Iyare, Sunday Osaretin, 2007. "Energy consumption and projected growth in selected Caribbean countries," Energy Economics, Elsevier, vol. 29(6), pages 1224-1232, November.
    4. Moore, Alvon, 2011. "Demand elasticity of oil in Barbados," Energy Policy, Elsevier, vol. 39(6), pages 3515-3519, June.
    5. Urban, F. & Benders, R.M.J. & Moll, H.C., 2007. "Modelling energy systems for developing countries," Energy Policy, Elsevier, vol. 35(6), pages 3473-3482, June.
    6. Craigwell, Roland, 2007. "Tourism Competitiveness in Small Island Developing States," WIDER Working Paper Series 019, World Institute for Development Economic Research (UNU-WIDER).
    7. Lorde, Troy & Waithe, Kimberly & Francis, Brian, 2010. "The importance of electrical energy for economic growth in Barbados," Energy Economics, Elsevier, vol. 32(6), pages 1411-1420, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Barbados; Energy and environmental policy; Impact and scenario analysis;

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