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1. INTRODUCTION Successful policy formulation warrants in-depth knowledge of a country’s energy sector. It is only after the key issues are identified, and the public is given the opportunity to provide educated input, that the policy maker can truly begin the task of drafting a policy which addressees the varying, and sometimes conflicting needs of the wide spectrum of energy stakeholders. This study aims at providing a baseline analysis of Belize’s energy sector, thus paving the road toward the passing of a new policy. It outlines a preliminary draft of Belize’s energy policy, including priority areas, broad goals and specific objectives for the development of the energy sector linked to security of supplies, environmental protection and competitiveness. Although a nation’s energy sector is a complex structure comprising several players with different roles and varying needs, it is largely driven by supply and demand. In Belize, for the last decade the focus of the energy policy has been to increase supply without considering the source. Although this practice ensured a stable flow of energy, it increased dependency with regard to imported fossil fuels and electricity. Undeniably, fossil fuels will remain a significant source of energy in Belize for years to come —as it will for most of Latin America and the Caribbean region. Nevertheless, it must be an imperative of the country’s energy policy to reduce its dependency on imported fossil fuels and to decouple increased energy demand from increased fossil fuels imports. A move toward renewable energy solutions is sought as the most viable solution to improve energy security and reduce the volatility of energy costs. Energy sector analysis starts with the identification of the different demand and supply sub-sectors. Belize must implement actions that will allow it to close the gap in reliable energy sector data in order to address, in the short-term, the introduction of effective policies based on the analysis of all the energy sub-sectors. 4PDF Image | ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE
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