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Belize Energy Sector Diagnostic PUC 59 7.0 SUMMARY AND CONCLUSIONS Belize is a small, developing, independent state, with an extremely vulnerable, micro economy and abundant natural resources. The Government of the day has, through its various instruments and policy statements indicated a commitment to development, through the pursuit of economic and social strategies that are intended to address poverty alleviation and growth, without adjusting the focus on keeping the country “green”. Energy, because of its established links to the development process through issues such as poverty alleviation, the environment, and economic growth, is a central part of the development equation. Thus, it must be a consideration for Belize and its policymakers as they contemplate the country’s medium and long-term development strategies. Development does not need energy per se but rather the services that it provides. The country’s ability to develop in accordance with its defined strategies, in the medium term and beyond is inextricably linked to its approach to energy, the diffusion of energy services and energy security. In the final analysis, the energy sector diagnostic revealed the following: • Given the current energy mix (imports 71%, indigenous 29%), energy security and improving energy autarky should be significant issues for policymakers; • Belize does not have a formally stated energy sector strategy nor policy although an argument could be made that there is an implicit one; • The current electricity mix with 50% imported from Mexico is not sustainable given that demand is growing at 9% p.a. The Mexican supply is currently limited, and if additional supply can be negotiated (under a new contract) it is likely to be significantly more expensive; • The use of renewable energies is technically, environmentally and economically feasible and given the exigencies of the internal and external environment, is highly recommended; • There are barriers to the use of Renewable Energy Technologies and to the development and implementation of a formal energy policy; • Policymakers cannot afford to disregard regional and international agreements and the significance of existing and future commitments (particularly in trade) to the development of the energy sector; • Belize needs to take immediate and decisive action if it is to comfortably meet electricity and energy demand forecasts without increasing its vulnerability and/or compromising its future development;PDF Image | Energy for Sustainable Development Toward a National Energy Strategy for Belize Energy Sector Diagnostic
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