Caribbean islands are in many ways ideal markets for electric vehicles, and several Caribbean jurisdictions have made significant advances in promoting electric mobility. Examining five case studies—Barbados, Bermuda, Cayman Islands, Jamaica, and the Dominican Republic—this report identifies the key challenges and recommends actions that Caribbean governments and other stakeholders can take to stimulate EV adoption.
Electric mobility is gaining ground globally as technology costs fall, awareness is improved, and policies are increasingly aligned with environmental goals. Caribbean nations are well positioned to reap the benefits of electric mobility, concluded panelists at an event hosted by the Inter-American Dialogue and New Energy Events, in collaboration with the Inter-American Development Bank and the Organization of American States.
Energy continues to be a bright spot in the US-Latin America relationship and new developments, like an uptick in US LNG exports, offer opportunities to increase energy security and cooperation across the Western Hemisphere.
As Latin America moves towards reducing greenhouse gas emissions and fulfilling its Paris commitments, it must also work to meet rapidly growing electricity demand, which is projected to almost double by 2040.
The agreements of the 2030 Agenda for Sustainable Development and COP21 in Paris put Latin American governments in a crucial stage to take action by developing adequate policies to scale up investments in renewable energy and making alliances to receive capacity-building and technological support.
High electricity costs are a critical impediment to economic growth and competitiveness in Central America and the Caribbean.
This report offers an extensive review of the English, Chinese, Spanish, and Portuguese literature on Chinese overseas energy sector engagement, highlighting a sub-set of issues especially relevant to policymakers. These include China’s effect on global commodity markets, the country’s outbound investment policies, and the extent to which China has a centralized strategy for overseas energy resource acquisition. The report concludes with timely suggestions for further research on Chinese energy engagement in the Americas.