THE RECOVER BETTER WITH SUSTAINABLE ENERGY GUIDE FOR CARIBBEAN COUNTRIES
Summary
The document outlines a strategic framework for Caribbean nations to 'recover better' from the COVID-19 pandemic by investing in renewable energy and energy efficiency. It highlights the economic benefits, such as GDP growth and job creation, and identifies eight key enablers—including the removal of fossil fuel subsidies and the adoption of cost-reflective tariffs—necessary to transition from centralized, fossil-fuel-dependent power systems to resilient, decentralized green energy infrastructures.
Key insights
- Caribbean economies are heavily dependent on imported fossil fuels, leading to some of the world's highest electricity costs and vulnerability to extreme weather. Centralized systems often fail during hurricanes, whereas solar-based mini-grids can maintain critical services.
- Investing in the transition to renewable energy in the Caribbean is estimated to generate approximately USD 633 million in additional GDP impact, with every USD 1 invested yielding an additional 93 US cents of GDP growth above business-as-usual scenarios.
- Renewable energy investments offer higher job creation potential than fossil fuels; spending USD 1 million on renewables creates 7.49 full-time jobs compared to 2.65 for fossil fuels. Additionally, retrofitting buildings creates 16-21 jobs per USD 1 million invested.
- Transitioning all 31 Caribbean countries to 90 percent clean energy by 2030 could result in annual fuel cost savings of an estimated USD 9 billion.
- The guide identifies eight essential enablers for a successful energy transition: improving the ease of doing business, establishing robust policies/institutions, investing in data, moving toward cost-reflective tariffs, eliminating fossil fuel subsidies, shifting investments to renewables plus storage, investing in energy efficiency, and investing in human capital.
Cite the original document
- APA
- Sustainable Energy for All (n.d.). THE RECOVER BETTER WITH SUSTAINABLE ENERGY GUIDE FOR CARIBBEAN COUNTRIES. https://www.seforall.org/system/files/2020-08/RB-Caribbean-SEforALL_0.pdf
- Chicago
- Sustainable Energy for All. THE RECOVER BETTER WITH SUSTAINABLE ENERGY GUIDE FOR CARIBBEAN COUNTRIES. n.d. https://www.seforall.org/system/files/2020-08/RB-Caribbean-SEforALL_0.pdf.
- Wikipedia
- {{cite report |author=Sustainable Energy for All |title=THE RECOVER BETTER WITH SUSTAINABLE ENERGY GUIDE FOR CARIBBEAN COUNTRIES |url=https://www.seforall.org/system/files/2020-08/RB-Caribbean-SEforALL_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{sustainableenergyforallndrecover, author = {{Sustainable Energy for All}}, title = {{THE RECOVER BETTER WITH SUSTAINABLE ENERGY GUIDE FOR CARIBBEAN COUNTRIES}}, institution = {Sustainable Energy for All}, url = {https://www.seforall.org/system/files/2020-08/RB-Caribbean-SEforALL_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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