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Home Energy

Costa Rica Aims to Achieve 100% Renewable Electricity

The Global Economics by The Global Economics
July 9, 2020
in Energy, Top Stories
Reading Time: 1 min read
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Through the transport window, somewhere in Costa Rica

Through the transport window, somewhere in Costa Rica

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The attempts of decarbonizing the Costa Rica economy have never been stronger driven by an aim of 100% of the country’s electricity produced from renewable sources by 2030.

Under the initiative “The 100% Renewable Energy Project” commissioned by World Future Council and La Ruta del Clima, the country has succeeded in generating electricity from almost 98% renewable sources.

Apart from hydropower, the country uses solar, biomass, wind, and geothermal to generate electricity contributing to clean energy. With 98% share of renewables in the electricity matrix, Costa Rica has achieved to be one of the countries with lowest carbon emission rates for the consumption of electricity.

With vast world species biodiversity, the clean energy generation has helped maintained Costa Rica’s balance between electricity supply and demand in the national interest of becoming carbon neutral.

The dams provide majority of the country’s electricity and subsequently protect the environment and help in the growth of the economy. Alongside, geothermal and biomass are utilized in the power and heating sectors. In 2019, Costa Rica launched the “Decarbonization Plan” in major sectors to achieve a emission-free and resilient economy. With a dynamically growing renewable energy market and increasing share of renewable electricity, the aim is to develop sustainable electricity supply sector.

The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

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