Trinidad and Tobago and Barbados are not members of the PetroCaribe agreement. It should be pointed out that the PetroCaribe deal is vital to Haiti, given that there are no alternative financing sources and little progress has been made in reducing structural vulnerabilities in the energy sector. Subsidy schemes such as the PetroCaribe deal help support the existing, high fossil-fuel share in the Caribbean energy sector and act as a barrier to renewables. Energy subsidies in the fossil fuel sector hold back the region’s long-term growth and competitiveness, both by diverting resources away from other spending priorities and by discouraging efficiency-enhancing investment in the energy sector and distorting incentives to innovate.