Future proofing the Caribbean Oil and Energy


(MENAFN) Electricity continues to be one of the most expensive inputs into the manufacturing process as well as a significant cost in the budgets of households in the Caribbean.

Consequently, the governments of the day are faced with this being an agenda item during each term they spend in office. The question being: "What policy can be introduced to assist with reducing the cost of this essential input into the lives of their constituents?"

The Ministry with responsibility for Energy in Jamaica released the National Energy Policy 2009-2030 in 2009. The policy envisages "A modern, efficient, diversified and environmentally sustainable energy sector providing affordable and accessible energy supplies with long-term energy security and supported by informed public behavior on energy issues and an appropriate policy, regulatory and institutional framework."

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