Pacific Economic Monitor July 2018

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dc.contributor.authorADB
dc.date.accessioned2021-10-05T15:03:38Z
dc.date.available2021-10-05T15:03:38Z
dc.date.issued2018-07
dc.descriptionThis issue highlights the economic prospects of the Pacific developing member countries (Pacific DMCs) and stresses the importance of improving the quality and access to basic and sustainable utilities in the Pacific DMCs. Access to electricity is low in the Pacific, particularly in the more remote and less developed parts of the subregion. Factors contributing to this include dependence on costly fossil fuels for power generation, inadequate investment in infrastructure, and electricity services that may be beyond the means of poorer rural households. To help address these challenges, most Pacific governments are taking steps to shift toward renewable energy and ultimately meet ambitious targets under international climate change commitments. Further, they have made strategic investments in more effi cient transmission networks, and better collection and payment systems. Such measures must be complemented by improvements in the performance of state-owned utilities, who are typically responsible for providing electricity services in Pacific economies, including further promotion of private sector participation and clarifying policies behind tariff-setting to ensure financial self-sustainability and minimize the need for government support.
dc.format.extent40
dc.identifier.isbn9789292612764
dc.identifier.isbn9789292612771
dc.identifier.issn2521-6066
dc.identifier.issn2521-6074
dc.identifier.urihttps://www.adb.org/publications/pacific-economic-monitor-july-2018
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5406
dc.subject.otherEconomics
dc.subject.otherIndustry and trade
dc.subject.otherRegional cooperation and integration
dc.titlePacific Economic Monitor July 2018
local.publication.countryRegional - Asia and the Pacific

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