Home » COVID-19 and Climate Change Prompt an Energy Rethink in Trinidad and Tobago

COVID-19 and Climate Change Prompt an Energy Rethink in Trinidad and Tobago

Jan 22, 2021 | Low-Carbon Economies, Oil & Gas, Renewables

Jeremy Martin, Lily Folkerts Friday, Jan. 22, 2021

For decades, the Caribbean twin-island nation of Trinidad and Tobago has relied on oil and natural gas production to guarantee its energy security and provide a measure of fiscal stability for the government.* Even as oil and gas revenues have steadily declined since hitting a peak in the late 1970s, the country’s economy remains highly reliant on the energy sector, which accounts for around 75 percent of exports and 40 percent of GDP. However, the crash of global energy markets amid the COVID-19 pandemic and the growing threat of climate change are providing an impetus for a reevaluation of Trinidad and Tobago’s energy security and a concerted diversification of the nation’s energy mix. Read article at WPR

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