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Unveiling the Natural Gas Opportunity in the Caribbean
This study describes the options for introducing natural gas in the Caribbean region and includes an economic assessment of the cost of natural gas to each of the countries. The natural gas can provide a feasible alternative to reduce fuel oil dependency in the Caribbean and alleviate pressures that increase electricity prices by introducing an additional energy source. This paper analyzes the natural gas demand, costs, the possible competitive market alternatives for the successful development of natural gas import facilities in the region, and a brief analysis of the existing regulatory frameworks in the Caribbean for electricity and gas. The results find that a switch from fuel oil to natural gas could reduce the average cost of generation between 17 and 40%, increasing energy affordability for end users, and contributing to increase access to public services and reduce poverty.
The Energy Path of Latin America and the Caribbean
With rapid energy growth in the past 40 years, the Latin American and Caribbean (LAC) region has maintained a steady increase in electricity needs above the global level. While there is no question that demand will remain strong over the next two decades, what remains to be seen is what kind of energy matrix will be used to meet that appetite and what will be the investments going into the industry. This report makes an attempt to answer these critical questions by taking a deep look into the demand and supply side of the industry. To this end, it will seek to (i) identify the amount of demand growth until 2040, (ii) project the electricity generation matrix by each energy source, and (iii) determine the investment requirements by source, based on cost efficiency criteria, for regulators and utilities’ consideration.
Mitigating Vulnerability to High and Volatile Oil Prices
This book addresses the need of oil-importing countries to mitigate vulnerability to oil price volatility. It offers financial instruments to manage price risk, complemented by structural measures designed to reduce oil consumption.
Meeting the Balance of Electricity Supply and Demand in Latin America and the Caribbean
Over the coming decades, the supply of electric power will need to expand to meet the growing demand for electricity, but how the production and use of electricity develops will have broad ramifications for the diverse economies and societies of Latin America and the Caribbean. This report discusses the critical issues for the power sector considering a baseline scenario to 2030 for countries and sub-regions. Among these critical issues are the demand for electricity, the total new supply of electric generating capacity needed, the technology and fuel mix of the generating capacity, and the CO2 emissions of the sector. Under modest GDP growth assumptions, the demand for electricity in Latin ...
Implementing Energy Subsidy Reforms
Poorly implemented energy subsidies are economically costly to taxpayers and damage the environment. This book aims to provide lessons from a sample of twenty case studies to help policymakers address implementation challenges and overcome political economy and affordability constraints.
Earth at Risk in the 21st Century: Rethinking Peace, Environment, Gender, and Human, Water, Health, Food, Energy Security, and Migration
Earth at Risk in the 21st Century offers critical interdisciplinary reflections on peace, security, gender relations, migration and the environment, all of which are threatened by climate change, with women and children affected most. Deep-rooted gender discrimination is also a result of the destructive exploitation of natural resources and the pollution of soils, water, biota and air. In the Anthropocene, the management of human society and global resources has become unsustainable and has created multiple conflicts by increasing survival threats primarily for poor people in the Global South. Alternative approaches to peace and security, focusing from bottom-up on an engendered peace with s...
Morocco
Morocco has made substantial progress in increasing inclusive growth over the past decade, but additional efforts in terms of growth-enhancing structural reforms are needed. Preserving economic efficiency and fostering growth while strengthening inclusiveness remains a priority. This paper describes the fuel subsidy system in Morocco, introduces an organizing framework to illustrate the trade-offs involved in meeting various economic and social objectives when considering subsidy reform, and highlights some lessons from the international experience in implementing subsidy reforms that may be pertinent to the case of Morocco.
Against the Consensus
In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding the recurrence of similar crises in the future. He suggests that the crisis and the global imbalances both originated with the excess liquidity created by US financial deregulation and loose monetary policy, and recommends the creation of a global Marshall Plan and a new supranational global reserve currency. This thought-provoking book will appeal to academics, graduate students, policy makers, and anyone interested in the global economy.
Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR)
This Climate Change Public Expenditure and Institutional Review Sourcebook (CCPEIR) seeks to provide practitioners with the tools and information needed to respond to the public expenditure policy and management challenges arising from climate change. It is a series of notes and supporting materials written as a first step towards consolidating current research and international experience, identifying emerging practice and providing practical and applicable guidance for staff of central finance agencies, development agencies, environmental agencies and other international organizations working on climate change issues. In addition to emphasizing the importance of strengthening national systems throughout, the Sourcebook focuses on the specific public expenditure policy and management challenges posed by climate change, such as decision-making in the face of uncertain future climate conditions, expenditure planning for extreme weather and climate events, the lack of agreed budget definition and classification of climate change activities.
After the Fall
This edited volume examines the impacts of the 2014-2015 decline in the price of oil. Participants will examine the economic, social and political consequences on states and regions, along with their responses. The following questions will be examined: what were the impacts for countries experiencing an energy revolution in shale and gas like the United States and Canada? What were the repercussions of the collapse on other states of the Western hemisphere dependent on oil for growth and development; countries like Colombia, Venezuela and Mexico? Were these outcomes similar to those experiences in other parts of world like Nigeria, Russia and other petro-producing countries? How do developin...
