How Can Biden & Caricom Strengthen Energy Cooperation?
A recent meeting between U.S. Secretary of State Antony Blinken and foreign ministers of Caribbean regional trade group Caricom resulted in renewed cooperation in several key areas including energy, Caribbean officials told Argus Media. There had been a rift among the 15 members of the bloc over the Trump administration’s efforts to isolate the government of Venezuelan President Nicolás Maduro, the officials added. What is the current state of U.S.-Caricom cooperation on energy-related issues, and to what extent did collaboration decrease or stagnate during former U.S. President Donald Trump’s term in office? In what ways can energy cooperation between the United States and the Caribbean expand under the Biden administration, and which countries and areas would benefit the most from it? What are the political dynamics at play within Caricom, and what needs to happen for Caribbean nations to develop a more unified regional energy agenda?
Riyad Insanally, ambassador of Guyana to the United States and the Organization of American States: “Energy security is crucial to Caricom’s plans to achieve resilience, competitiveness and prosperity. A Caricom Energy Policy and the Caribbean Sustainable Energy Roadmap and Strategy already exist. Attaining energy security has, however, been impeded by, among others: 1.) lack of access to financing for infrastructure and institutional capacity-building; 2.) exogenous systemic and structural shocks, including natural disasters; and 3.) the high costs associated with replacing fossil fuel infrastructure with structures suited for renewable energy. The recent massive fossil fuel discoveries offshore Guyana and Suriname position…”Read More
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