The Energy Sector in Belize
Belize faces declining petroleum production as well as electricity costs that are among the highest in Central America. Although it is dependent on Mexico for over 30 percent of electricity supply, Belize has significant renewable energy resources of its own that can help reduce this need (and the high costs to fill it) and increase energy security. The country also has the opportunity to consume energy more efficiently by using innovative technologies. To realize these opportunities, Belize, with the support of a Sustainable Energy Action Plan developed with technical assistance from the Inter-American Development Bank, has developed an energy policy and a strategic plan for the ministry responsible for energy. Collectively, the policy and strategic plan aim to address the barriers that prevent public and private sector entities from using energy more efficiently, as well as those that restrict the development of renewable energy.