Suriname’s future looks bleak after 2035

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Observers at GFC News expressed serious concerns about Suriname’s future after 2035. They pointed out that global demand for fossil fuels is likely to drop sharply by then due to the energy transition to sustainable energy sources.

This means that Suriname should not be overly dependent on the large revenues from the oil industry.

This view is shared by Surinamese analyst R. Pinas, who told Global Finance that the country faces huge risks if it continues to rely almost entirely on oil revenues.

The government has so far not taken any steps to diversify its revenue sources, which makes the situation very dangerous.

If the oil industry collapses or demand drops dramatically, as is expected to happen eventually, it could have disastrous consequences for Suriname’s economy.

Global efforts to combat climate change have driven a drop in oil demand. Many countries are investing heavily in renewable energy sources such as solar and wind power to reduce their reliance on oil.

This could reduce profits in the oil industry, severely affecting countries such as Suriname that rely heavily on revenue from the industry.

This lack of diversification means that our country is highly vulnerable to oil price fluctuations and future declines in demand.

Observers insist the country urgently needs to develop alternative sources of revenue to ensure economic stability and prepare for a future without oil revenues.