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$250.00 $200.00 $150.00 $100.00 $50.00 $0.00 International Oil Price Historical and Forecast 1980 1985 1990 1995 Hystoric Oil Prices 2010 2015 2020 2025 Forecast Oil Prices 2030 2035 2000 2005 Figure 10 – Historical and Future international oil price 2.2.5 Household energy Sub-Sector Belize boasts abundant renewable energy resources, including woody and non-woody biomass, solar, wind, and hydrological resources. Presently, with the exception of biomass, only a small fraction of the country’s renewable energy potential is exploited. Biomass (firewood and bagasse) plays some significant role in Belize’s energy supply. Liquefied Petroleum Gas (LPG), Kerosene and firewood provide almost all the energy needed to meet basic demand such as cooking in rural and most urban households, and are the main source of energy in rural areas. Although the total amount of imported LPG (including propane and butane) can be determined, there is no data relating to how much is consumed by households for cooking, heating or transport. Between 25% and 35% of Belizean households are poor and use wood and charcoal to supply their energy needs, especially cooking. Kerosene is the main petroleum product used by these households. Wood is mainly used for cooking and ironing and hardly ever used for lighting purposes. LPG is used too, but not necessarily in households below the poverty line. According to a preliminary assessment conducted in Belize through interviews and stakeholder consultations, households’ main energy requirements are cooking and lighting (see Figure 11 and Figure 12). With regard to lighting, 82% of households use electricity, 13% use kerosene, and 2% use gas. Additionally, 3% of households use other sources of lighting, such as butane or firewood. With regard to cooking 78% of households use butane, 16% use wood, 2% use kerosene, 1% use electricity and 3% use other sources. 16 US$ per BarrelPDF Image | ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE
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