Jamaica’s Energy Diversification Gains World Attention
March 29, 2017
Jamaica improved six spots to 92 worldwide to become a global case study for energy diversification, according to the annual study produced by the World Economic Forum (WEF).
Trading partner and oil-producer Trinidad & Tobago inched up one spot to 109 from 110 a year earlier.
The Global Energy Architecture Performance Index Report 2017 indicated that Jamaica, Mexico and Uruguay, all developing countries, made strides in their energy sector performance since 2009.
The top-performing nations are all European Switzerland, Norway, Sweden, Denmark, and France.
The report indicated that the three developing nations took a similar approach to energy policy as the top developed nations. These include a long-term approach to the development of the energy sector; crafting a vision that spans various political administrations, yet flexible enough adapt to changes in technology and new realities; and private sector financing to implement policy through investment.