Economist Dr Indera Sagewan says diversifying the Trinidad and Tobago economy beyond oil and gas, has become an absolute imperative in the next decade.
As she looked ahead to 2020 and beyond, Dr Sagewan warns that an over-reliance on any one particular sector can no longer continue.
She notes that the political administrations which governed over the past decade did make a start at diversification, but those efforts have not borne fruit, nor did they get the kind of support they needed.
She says we cannot afford to continue putting all our eggs in the energy sector basket.
“When you look at the fact that renewable energies, and the accelerated rate at which they are improving, and cost is going down and use is taking place,” she notes. “And the issue, for example, of reducing our carbon footprint and so many developed countries making policy decisions to move away from the use of fossil fuels. Our future cannot continue to remain down that road.”