Alternative Energy Policy Objectives:
Reducing reliance on fossil fuels and diversifying energy sources are two priority policy objectives common throughout the Caribbean. Regional economies remain increasingly vulnerable to the behavior of oil prices on international markets, as generation capacity in the electricity sector remains highly concentrated in fossil fueled plants. Rising fuel prices continue to erode the trade balance of the economies in the region, as the cost of imports remains in excess of foreign currency earnings from tourism, manufacturing and other export activities.
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