Potential of renewable energy production: An assessment of Costa Rica's decarbonization plan
- 1. Latin American University of Science and Technology
Description
As part of a comprehensive strategy and country’s future sustainable carbon footprint achievement, Costa Rica in 2019 launched an initiative to become the very first carbon-neutral economy in the world by the year 2050. To accomplish this ostentatious goal, the country has developed the National Decarbonization Plan. This strategy is based upon 10 robust focus areas which are highly ambitious in nature thus providing an international blueprint for a net-zero emission economy. This study critically analyzes the gaps, challenges, and proposes academic based recommendations for the sustainable implementation of the plan. In-depth research was conducted on Transport and Sustainable Mobility Scope covering focal areas; 1, 2 and 3. Furthermore, five internationally renowned experts who reviewed prior the plan were also consulted. As of 2020 there is not an effective public transportation service in the GAM where lives more than 40% of the entire country’s population. Almost, 90% of the High-Capacity Network vehicle infrastructure does not comply with parameters of the National Transportation Plan in terms of the available number of lanes; in the absence of changes, the percentage of routes with major traffic problems will go from 48% in 2017 up to 86% in 2025. The authors also conducted additional research, but in this scenario, a COVID-19 impact lens was applied to reassess the future of the plan. Several of these presented challenges include, the non-approval of new necessary laws, national fiscal debt, bureaucracy, and the recent emergency caused by Covid-19. However much this plan is revolutionary, it is a positive stride towards sustainable development which fosters global peace and nature-based economic stability.
Files
Potential of renewable energy.pdf
Files
(468.4 kB)
Name | Size | Download all |
---|---|---|
md5:e175659b15c763bf6df7016b52b4e668
|
468.4 kB | Preview Download |
Additional details
References
- Ajmi, A. N., & Inglesi-Lotz, R. (2020). Biomass energy consumption and economic growth nexus in OECD countries: A panel analysis. Renewable Energy, 162, 1649–1654. https://doi.org/10.1016/j.renene.2020.10.002
- Alvarez-Risco, A., Del-Aguila-Arcentales, S., & Rosen, M. A. (2020). Sustainable Transportation in Cities. In Building Sustainable Cities (pp. 149–165). Springer International Publishing. https://doi.org/10.1007/978-3-030-45533-0_12
- Ashraf, B. N. (2020). Economic impact of government interventions during the COVID-19 pandemic: International evidence from financial markets. Journal of Behavioral and Experimental Finance, 27, 100371. https://doi.org/10.1016/j.jbef.2020.100371
- Change, A. Y. (2019). Sustainable development and climate goals. Nature Climate Change. https://www.nature.com/articles/s41558-019-0516-7
- Chletsos, M., & Sintos, A. (2020). The Effects of IMF Conditional Programs on Unemployment Rate. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3515996
- Ebeling, F. (2020). Assessing the macroeconomic effects of sustainable energy transitions in Costa Rica and Chile: a multisectoral balance-of-payments-constrained growth approach. In The Regulation and Policy of Latin American Energy Transitions (pp. 39–58). Elsevier. https://doi.org/10.1016/b978-0-12-819521-5.00003-6
- Figueres, C. (2020). Paris taught me how to do what is necessary to combat climate change. Nature for Climate Change. https://doi.org/doi.org/10.1038/d41586-020-00112-6
- Fui-Hoon, F., Lee-Shang Lau, J., & Kuang, J. (2001). Critical factors for successful implementation of enterprise systems. Business Process Management Journal, 7(3), 285–296. https://doi.org/10.1108/14637150110392782
- García-Valladares, O., & Ituna-Yudonago, J. F. (2020). Energy, economic and emissions avoided contribution of domestic solar water heating systems for Mexico, Costa Rica and the Democratic Republic of the Congo. Sustainable Energy Technologies and Assessments, 39, 100721. https://doi.org/10.1016/j.seta.2020.100721
- Kanu, I. A. (2020). COVID-19 AND THE ECONOMY: AN AFRICAN PERSPECTIVE. Journal of African Studies and Sustainable Development, 3(2). https://doi.org/10.13140/RG.2.2.18801.43362
- Le, A. T., Phan, T. H., & Nguyen, X. H. (2019). RESEARCH ON FACTORS AFFECTING THE DISCLOSURE OF SUSTAINABLE DEVELOPMENT REPORT: EXPERIMENTAL AT VIETNAM NATIONAL PETROLEUM GROUP. Asian Economic and Financial Review, 9(2).
- Lester, D. H. (1998). Critical success factors for new product development. Research Technology Management, 41(1), 36–43. https://doi.org/10.1080/08956308.1998.11671182
- Okot, T., Barquero Ureña, J. A., Cubero Rodríguez, J. S., & María Fernanda, F. B. (2021). Mobility and Connectivity: Challenges in Rural and Urban Costa Rican Communities. Rhombus, 1(2), 2–14. https://doi.org/10.5281/ZENODO.5043505
- Okot, T., Campos Guilcrits, M., & Monge Navarro, E. (2021). Industry 4.0: Costa Rica's State-Of-The-Art in relation to Technology and Value Addition. Harvard Deusto Business Research, 10(1), 210–223. https://doi.org/10.48132/hdbr.344