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.
... Read More
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
... Read More
The senator discussed meaningful U.S. engagement in the region, including Obama's $1 billion aid package for Northern Triangle countries. ... Play Video
After a recent trip to Latin America, U.S. Senator (D-VA) Tim Kaine spoke with COA Vice President Eric Farnsworth about U.S. foreign policy towards the region. Kaine discussed President Barack Obama's $1 billion aid proposal for Northern Triangle countries in Central America and how the package could be most effectively implemented. He warned that if the United States made no investment in the region, it would continue to see waves of unaccompanied minors. "If we make the investment the right way," said Kaine, citing Mexico and Colombia as examples, "then we would have some reason based on experience to believe there would be an outcome that would mean we wouldn't be spending $2.3 billion on the unaccompanied minors."
The senator also talked about the implications of the Trans-Pacific Partnership—a free trade agreement under negotiation—for the region, as well as diplomatic relations with Cuba.