OECS LEADERS SEEK ECONOMIC TRANSFORMATION THROUGH SUSTAINABLE DEVELOPMENT

The Organisation of Eastern Caribbean States has reached a critical juncture where the shift to sustainable energy is no longer an option but a necessity, according to Dr. Didacus Jules, Director General of the OECS.

Speaking at the opening ceremony of the 3rd Council of Ministers for Energy, Dr. Jules emphasized the urgent need for the region to break its dependence on imported fossil fuels and embrace renewable energy as the key to economic transformation.

Dr. Jules warned that fossil fuel addiction continues to imperil the region’s climate and economic growth. High electricity costs—among the highest in the world—are draining economies and limiting competitiveness across all sectors.

However, he highlighted that within this challenge lies a significant opportunity: transitioning to sustainable energy could redirect millions of dollars currently spent on fuel imports into productive investments that create jobs, build industries, and drive economic growth.

Dr. Jules described 2025 as a year of uncertainty, referencing geopolitical shifts and economic realignments that could sideline small island developing states. However, he stressed that this moment also presents an opportunity for the OECS to forge a different path—one that leads to a progressive and equitable future through sustainable energy.

Dr. Jules underscored the importance of attracting investment to scale up sustainable energy development. He emphasized that harmonizing policies and standards across OECS member states will create a combined market of over 1.4 million people with strong renewable energy potential.

Acknowledging the broader global energy landscape, Dr. Jules pointed out contrasting approaches. While some nations, like New Zealand and Switzerland, are showing climate leadership, others are retreating from key commitments, such as the United States’ decision to withdraw from the Paris Agreement.

In response, he called for unwavering determination from OECS member states to lead the energy transition despite global uncertainties. The 3rd Council of Ministers for Energy will now focus on finalizing a roadmap for sustainable energy, with a commitment to accelerating policy implementation, investing in human capital, and embracing innovation for a resilient future.