An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize

Belize is currently faced with several critical challenges associated with the production, distribution and use of energy. Despite an abundance of renewable energy resources, the country remains disproportionately dependent on imported fossil fuels, which exposes it to volatile and rising oil prices...

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Autores principales:	Gardner, Devon O. Niel, Alleyne, Dillon, Gomes, Charmaine
Otros Autores:	German Agency for Technical Cooperation
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2015
Materias:	ENERGIA DE LA BIOMASA DESARROLLO SOSTENIBLE INDUSTRIA PETROLERA ELECTRICIDAD TRANSPORTE FUENTES DE ENERGIA RENOVABLES POLITICA ENERGETICA BIOMASS ENERGY SUSTAINABLE DEVELOPMENT PETROLEUM INDUSTRY ELECTRICITY TRANSPORT RENEWABLE ENERGY SOURCES ENERGY POLICY
Acceso en línea:	http://hdl.handle.net/11362/38290
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spelling	oai-11362-382902020-03-06T16:50:27Z An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize Gardner, Devon O. Niel Alleyne, Dillon Gomes, Charmaine German Agency for Technical Cooperation ENERGIA DE LA BIOMASA DESARROLLO SOSTENIBLE INDUSTRIA PETROLERA ELECTRICIDAD TRANSPORTE FUENTES DE ENERGIA RENOVABLES ELECTRICIDAD POLITICA ENERGETICA BIOMASS ENERGY SUSTAINABLE DEVELOPMENT PETROLEUM INDUSTRY ELECTRICITY TRANSPORT RENEWABLE ENERGY SOURCES ELECTRICITY ENERGY POLICY Belize is currently faced with several critical challenges associated with the production, distribution and use of energy. Despite an abundance of renewable energy resources, the country remains disproportionately dependent on imported fossil fuels, which exposes it to volatile and rising oil prices, limits economic development, and retards its ability to make the investments that are necessary for adapting to climate change, which pose a particularly acute threat to the small island states and low-lying coastal nations of the Caribbean. This transition from energy consumption and supply patterns that are based on imported fossil fuels and electricity towards a more sustainable energy economy that is based on environmentally benign, indigenous renewable energy technologies and more efficient use of energy requires concerted action as the country is already challenged by limited fiscal space which reduces its ability to provide some fiscal incentives, which have been proven to be effective tools for the promotion of sustainable energy markets in a number of countries. This report identifies the fiscal and regulatory barriers to implementation of energy efficiency measures and renewable energy technologies in Belize. Data and information were derived from stakeholder consultations conducted within the country. The major result of the assessment is that the transition of policies and plans into tangible action needs to be increased. In this regard, it is necessary to articulate sub-policies of the National Energy Policy to amend the Public Utilities Commission Act, to develop a grid interconnection policy, to establish minimum energy performance standards for buildings and equipment and to develop a public procurement policy. Finally, decisions on renewable energy and energy efficiency-related incentives from the Government formally requires decision-makers to solve what may be extremely complex optimization problems in order to obtain the lowest-cost provision of energy services to society, thereby weighing the cost of revenue losses with the benefits of fuel and infrastructure expansion savings. The establishment of a management system that is efficient, flexible, and transparent, which will facilitate the implementation of the strategic objectives and outputs in the time available, with the financial resources allocated is recommended. Support is required for additional institutional and capacity strengthening. .--I. Introduction.--II. Methodology.--III. Results.--IV. Conclusions.--V. Recommendations. 2015-06-15T19:58:32Z 2015-06-15T19:58:32Z 2013-11 Texto Documento Completo http://hdl.handle.net/11362/38290 LC/CAR/W.1 en .pdf application/pdf BELICE BELIZE ECLAC
institution	Cepal
collection	Cepal
language	English
topic	ENERGIA DE LA BIOMASA DESARROLLO SOSTENIBLE INDUSTRIA PETROLERA ELECTRICIDAD TRANSPORTE FUENTES DE ENERGIA RENOVABLES ELECTRICIDAD POLITICA ENERGETICA BIOMASS ENERGY SUSTAINABLE DEVELOPMENT PETROLEUM INDUSTRY ELECTRICITY TRANSPORT RENEWABLE ENERGY SOURCES ELECTRICITY ENERGY POLICY
spellingShingle	ENERGIA DE LA BIOMASA DESARROLLO SOSTENIBLE INDUSTRIA PETROLERA ELECTRICIDAD TRANSPORTE FUENTES DE ENERGIA RENOVABLES ELECTRICIDAD POLITICA ENERGETICA BIOMASS ENERGY SUSTAINABLE DEVELOPMENT PETROLEUM INDUSTRY ELECTRICITY TRANSPORT RENEWABLE ENERGY SOURCES ELECTRICITY ENERGY POLICY Gardner, Devon O. Niel Alleyne, Dillon Gomes, Charmaine An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
description	Belize is currently faced with several critical challenges associated with the production, distribution and use of energy. Despite an abundance of renewable energy resources, the country remains disproportionately dependent on imported fossil fuels, which exposes it to volatile and rising oil prices, limits economic development, and retards its ability to make the investments that are necessary for adapting to climate change, which pose a particularly acute threat to the small island states and low-lying coastal nations of the Caribbean. This transition from energy consumption and supply patterns that are based on imported fossil fuels and electricity towards a more sustainable energy economy that is based on environmentally benign, indigenous renewable energy technologies and more efficient use of energy requires concerted action as the country is already challenged by limited fiscal space which reduces its ability to provide some fiscal incentives, which have been proven to be effective tools for the promotion of sustainable energy markets in a number of countries. This report identifies the fiscal and regulatory barriers to implementation of energy efficiency measures and renewable energy technologies in Belize. Data and information were derived from stakeholder consultations conducted within the country. The major result of the assessment is that the transition of policies and plans into tangible action needs to be increased. In this regard, it is necessary to articulate sub-policies of the National Energy Policy to amend the Public Utilities Commission Act, to develop a grid interconnection policy, to establish minimum energy performance standards for buildings and equipment and to develop a public procurement policy. Finally, decisions on renewable energy and energy efficiency-related incentives from the Government formally requires decision-makers to solve what may be extremely complex optimization problems in order to obtain the lowest-cost provision of energy services to society, thereby weighing the cost of revenue losses with the benefits of fuel and infrastructure expansion savings. The establishment of a management system that is efficient, flexible, and transparent, which will facilitate the implementation of the strategic objectives and outputs in the time available, with the financial resources allocated is recommended. Support is required for additional institutional and capacity strengthening.
author2	German Agency for Technical Cooperation
author_facet	German Agency for Technical Cooperation Gardner, Devon O. Niel Alleyne, Dillon Gomes, Charmaine
format	Texto
author	Gardner, Devon O. Niel Alleyne, Dillon Gomes, Charmaine
author_sort	Gardner, Devon O. Niel
title	An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
title_short	An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
title_full	An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
title_fullStr	An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
title_full_unstemmed	An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize
title_sort	assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in belize
publisher	ECLAC
publishDate	2015
url	http://hdl.handle.net/11362/38290
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An assessment of fiscal and regulatory barriers to deployment of energy efficiency and renewable energy technologies in Belize

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