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5. CONCLUSIONS The following conclusions are drawn as a result of this study: Belize does not have a formal energy strategy to reduce the sector’s extreme vulnerability therefore there is a need for a comprehensive National Energy Policy. The lack of reliable energy data prevents the implementation of energy audits as a tool to improve energy efficiency in buildings. There is no government agency charged with analyzing energy statistics and issuing recommendations, guidelines or policies on improving energy efficiency and curbing demand. High dependency on imported fossil fuels, coupled high cost of electricity, a growing demand for energy and high population growth index. Declining oil reserve due to lack of good prospecting, exploration, and exploitation policies, which may cause depletion within the next 15 years. Need to promote competitive business practices in the energy sector. Need for an assessment of renewable energy resources, particularly with regard to sustainable biomass, solar and wind energy. 31PDF Image | ENERGY POLICY ASSESMENT OF THE ENERGY SECTOR IN BELIZE
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