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In Vanuatu, 24% of total imports were fuel imports in 2019.
Fuel imports cost the Pacific region US$6 billion annually, or around 5 to 15% of GDP for each economy. This is an enormous economic burden. With its vast natural resources, a history and culture of independence and subsistence together with its low energy intensity, the Pacific subregion offers great advantages for energy transition leadership. So, there are solutions to alleviate this cost. (Source: ESCAP)
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