No: The Constraints to Developing Renewables are Too High

While many have suggested that renewable energy can be a viable alternative for countries dependent on Venezuela’s PetroCaribe, it cannot address the region’s short-term energy needs. While there could be potential long-term savings, the short-term costs of investing in renewables, the declining cost of non-renewables, and the need to overhaul existing energy infrastructure are formidable obstacles.

Although PetroCaribe member nations—Antigua, Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, Nicaragua, St. Lucia, St. Kitts and Nevis, St. Vincent...

Read this article on the Americas Quarterly website. | Subscribe to AQ.