The International Monetary Fund (IMF) has stated in its latest country report that Trinidad and Tobago's economy will undergo a significant shift towards renewables from hydrocarbons due to climate change and the global green energy transition. The IMF highlights that the Caribbean nation's energy sector is at a crucial juncture, with implications for an economy heavily reliant on oil and gas. The report mentions the challenges faced by Trinidad's energy sector, including mature fields, declining output, and reduced production of petrochemicals and LNG for export. Despite government initiatives to develop new fields, the IMF emphasizes the importance of taking actions to reduce domestic gas usage and enhance the adoption of renewables. Trinidad's central bank data reveals that energy revenue accounted for 42% of total revenue in the budget for 2023-24, indicating the sector's significant contribution to the country's finances. However, the bank expects the energy sector to remain subdued in the short term. The IMF suggests that reducing local consumption of oil products could lead to a decrease in oil imports, thereby improving the balance of payments. Additionally, the IMF sees potential in promoting green hydrogen as an opportunity for Trinidad and Tobago's energy sector. By supporting measures to enhance energy efficiency and increase the utilization of renewables, Trinidad and Tobago can navigate the challenges posed by the transition to a greener energy landscape.