BarbadosCentral Bank Governor warns against indefinite energy cost support
Central Bank Governor Dr. Kevin Greenidge has cautioned that the government cannot perpetually subsidize high energy costs, urging a shift away from fossil fuels.
Background
Many nations globally are grappling with elevated energy prices, often exacerbated by geopolitical events and supply chain disruptions. Governments frequently implement subsidies to mitigate the impact on citizens and businesses, balancing economic stability with fiscal sustainability and long-term energy transition goals.
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Central Bank Governor warns against indefinite energy cost support
First report 13h agoLast update 13h ago1 takes 1
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started 13h ago•Last update 13h ago
There is a warning that continued reliance on fossil fuels and government subsidies for energy costs is unsustainable.
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