Fundamental changes are taking place in the global energy system which will affect almost all countries and will have wide-ranging geopolitical consequences. Notably, Renewable Energy (RE) has become the principal focal area within the global energy landscape. Technological advances in combination with cost-competitive solutions (decreasing up-front cost) have made renewables grow faster than any other energy source across the globe.
The shift within the energy system in Belize is currently following the global trend leaning towards Renewable Energy (RE) sources and the need for energy security and increased efficiency. The transformational shift is being driven mainly by persistent volatility of world oil prices and growing concerns over climate change risks and impacts. Table 1 below presents General Information on Belize and Table 2 represents a summary of Belize’s Energy Sector in 2018.