Costa Rica Makes the Move to Renewable Energy

Earlier in the year, Costa Rica made the move to operating completely on renewable energy. Due to the vast amount of rainfall this year, the country’s hydropower plants have been able to generate almost all of the electricity required to power the small country. Along with a boost received from solar, wind, and geothermal energy sources, Costa Rica no longer needs to rely on petroleum or coal in order to keep the country powered.

A number of benefits have allowed Costa Rica to reach this accomplishment, including the fact that it is a relatively small country, home to a population of less than 5 million. The fact that Costa Rica does not have a large manufacturing industry that would consume a lot of energy has also helped. Costa Rica has a large number of topographical features, including volcanoes that lend themselves well to renewable energy, which has also assisted the country.
Other Countries Committing to Renewable Energy
Around the world, numerous other countries have made the commitment to eschewing fossil fuels and are making remarkable progress in meeting those goals. Iceland is just one such country, where 85 percent of all national energy is produced by hydropower or geothermal sources. In Europe, Bulgaria, Sweden, and Estonia have already reached their renewable energy goals five years ahead of schedule. Denmark currently receives 40 percent of its energy from wind resources and has made a commitment of eliminating fossil fuel energy production completely by 2050.

While Costa Rica has certainly made incredible progress, there are still potential risks that could interfere with the ability to generate electricity using water. For instance, if the country were to experience a serious drought, hydropower could be at risk. Recognizing the problems that would present, the Costa Rican government has approved almost $1 billion for a geothermal project, which is to be funded in large part by the European Investment Bank and Japan. The Costa Rican government itself has also been able to invest heavily in renewable energy since it does not need to funnel any money into national defense, as there has been no military in Costa Rica since 1948.

Daveed Hollander

With over 2 decades of doing business in Costa Rica real estate industry Daveed Hollander is a trusted realtor for the southern pacific region of Costa Rica. Delivering a professional and tailored service Daveed offers you a wide ranging portfolio of quality properties. With an in-depth knowledge and a genuine appreciation for the area, he enthusiastically supports sustainable development in the southern pacific. A respected and active participant in the local community Daveed and his family reside in Dominical. Fluent in English and Spanish, Daveed has established regional connections and excellent communication skills allow him to successfully identify valid and authenticated investment opportunities. Well known for his friendly and genuine approach your search for a potential property is benefited by his conscientious and detail orientated service.