With unprecedented international attention given to energy security, Central America and the Caribbean represent the test case for energy policy that leads to a sustainable energy future.
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Though many countries have begun diversifying their energy matrix, the region is still largely dependent on oil. ... Play Video
Edwin De los Santos, President, AES Dominicana
Christiaan Gischler, Senior Energy Specialist, Inter-American Development Bank
Robert Ichord, Deputy Assistant Secretary for Energy Transformation, U.S. Department of State
Ana María Majano, Associate Director, Latin American Center for Competitiveness and Sustainable Development, INCAE Business School
Christian Gómez, Jr., Director of Energy, Council of the Americas (moderator)
"In Central America, until now, the main driver of energy policy has been prices," said INCAE's Ana María Majano. However, according to Majano, governments are now paying closer attention to energy security and climate change. Though many countries have begun the process of diversifying their energy matrix and transitioning to renewables, Central America and the Caribbean is still largely dependent on oil. For the Caribbean, its a problem of economies of scale and a weak regulatory framework, said Christiaan Gischler of the Inter-American Development Bank. To facilitate investment in clean energy, AES Dominicana's Edwin De los Santos proposed there be more detailed information on renewables and market needs, as well as clarity around financial instruments, which are often a "blind spot" for investors.
Book Reviews: Caribbean Renewal: Tackling Fiscal and Debt Challenges, by Charles Amo-Yartey and Therese Turner-Jones; The Eastern Caribbean Economic and Currency Union: Macroeconomics and Financial Systems, by Alfred Schipke, Aliona Cebotari and Nita Thacker
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