Front-loaded, fast-tracked investment ‘surge’ urgently needed – CARICOM Secretary-General tells Energy Financing Forum

“The prevailing view is that Member States can ‘recover better’ from these exogenous shocks with the help of an accelerated clean energy transition. This would deliver long-term economic growth and job creation, in particular, whilst addressing our resilience and sustainable development needs in general.

“For this to happen, the collective strengths of partners must be leveraged. A front-loaded and fast-tracked investment “surge” is urgently needed to achieve, within five to ten years, what may have otherwise taken thirty years because time is of the essence.“

Extract from Remarks by CARICOM Secretary-General, Ambassador Irwin LaRocque, to the High Level Meeting on Energy Financing among CARICOM Ministers Responsible for Energy, Heads of International Financing Institutions, Bilateral Development Partners and the Private Sector, held on 27 May 2021

Read the full Remarks here: Secretary-General’s Remarks

Source: CARICOM TODAY