With Venezuela on the brink of economic collapse and oil prices low, Caribbean and Central American countries have an opportunity to cut their reliance on Caracas for oil and switch to low-carbon alternatives.
The turmoil in Venezuela is only worsening, with President Nicolás Maduro having just reduced his country’s workweek to two days in the midst of an energy crisis.
It comes as officials from Caribbean and Central American nations prepare to attend an energy summit in Washington where expanding international cooperation and improving energy security in the region will top the agenda. Vice President Joe Biden will preside over the May 3-4 meeting. (Read more)