A new paradigm for Caribbean development: transitioning to a green economy

This objective of this study is to augment the regional and international dialogue on the Green Economy in the context of inclusive and sustainable development. It sets out a path to transition to a greener economy with a sector-approach.

Much of the interest in green economy, in the Caribbean, as elsewhere, revolves around its implications for the energy sector. Most Caribbean countries clearly want to reduce dependence on fossil fuels through the development of indigenous alternative sources that are more sustainable with significant emphasis on renewable energy and energy efficiency within broader strategies to green key sectors. For example, policymakers in the Region are looking for concrete advice and direction with respect to renewable energy for electricity generation. They need economic data on the costs and benefits of switching to renewable energy, including information on the potential for significant foreign exchange savings, revenue impacts, employment generation and environmental impacts.