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Caribbean Energy: Macro-Related Challenges

Author

Listed:
  • Arnold McIntyre
  • Ahmed El-Ashram
  • Mr. Márcio Valério Ronci
  • Julien Reynaud
  • Ms. Natasha X Che
  • Ke Wang
  • Mr. Sebastian Acevedo Mejia
  • Mr. Mark Scott Lutz

Abstract

High energy costs contribute to dampening Caribbean competitiveness and potential growth. This paper overviews power sector challenges and takes stock of national and regional strategies to address them. It presents recommendations to move the energy agenda forward based on analyses of macro-aspects of energy reform. These include: i) quantitative assessment of the impact of energy costs on growth and competitiveness; ii) evaluation of gains from implementing announced renewable energy and energy efficiency targets; and iii) analysis of the impact of energy investments on debt sustainability. The paper argues for a bigger role for the private sector in energy reform and discusses prerequisites for good public-private partnerships.

Suggested Citation

  • Arnold McIntyre & Ahmed El-Ashram & Mr. Márcio Valério Ronci & Julien Reynaud & Ms. Natasha X Che & Ke Wang & Mr. Sebastian Acevedo Mejia & Mr. Mark Scott Lutz, 2016. "Caribbean Energy: Macro-Related Challenges," IMF Working Papers 2016/053, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2016/053
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    References listed on IDEAS

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    3. Chen, A.A. & Stephens, A.J. & Koon Koon, R. & Ashtine, M. & Mohammed-Koon Koon, K, 2020. "Pathways to climate change mitigation and stable energy by 100% renewable for a small island: Jamaica as an example," Renewable and Sustainable Energy Reviews, Elsevier, vol. 121(C).

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