Powering the Future: Energy Transition Strategies for the ECCU
Selected Issues Papers, May 26, 2025
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- Powering the Future: Energy Transition Strategies for the ECCU
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Bibliographic details
- 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
Overview / Executive 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).
- 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.
Key findings
- 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.
Policy recommendations
- Establish policy frameworks to maximize the benefits of the energy transition.
- Ensure that transition frameworks prioritize sustainability and equity.
Implications for resilience and shock transmission
- 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.
Publication and metadata
- 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
Powering the Future: Energy Transition Strategies for the ECCU, Selected Issues Papers, Peter Nagle; Camilo E Tovar Mora; Diego A Gutierrez, May 26, 2025.
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- Sipea2025066