• Costa Rica Real Estate

At environmental forum, Costa Rica touts economic benefits of climate policy

October 9, 2019

President Carlos Alvarado says Costa Rica’s decarbonization plan could benefit the country’s economy to the tune of $19.5 billion.

During a speech at the PreCOP 25 meetings, which Costa Rica is hosting this week at the National Convention Center, President Alvarado argued that ambitious climate policies are “not only ethically correct for present and future generations, but also profitable.”

President Alvarado cited a joint study between the University of Costa Rica (UCR), the Inter-American Development Bank (IDB), the United States’ RAND Corporation and others, which concluded that Costa Rica would reap economic benefits by reaching its goals in transportation and infrastructure.

A $6 billion investment in transportation could more than pay for itself in terms of reduced operating costs and increased productivity, President Alvarado said, citing the study.

“Our country assumed the organization of this PreCOP 25 with the conviction that in the face of the climate crisis — the biggest challenge that we and future generations will face — conventional responses are not acceptable,” he said. “What some today call impossible, we will make it possible. It is time for exceptional actions. And that’s what we’re here for. 

“It is time to move from words to action, and with a sense of urgency. That is the message that we must send to the international community as a result of this meeting.” 

While Costa Rica has received international acclaim in recent weeks for its climate policies, others argue the country is not meeting its green ideals.

Alvaro Umaña, the country’s first Minister of Environment, told The Tico Times that he believes Costa Rica has to make major improvements in pesticide use, the abundance of plastics, and in wastewater and solid-waste treatment.

“We have one of the highest rates of pesticide use in the world still,” he said, adding that Costa Rica’s palm and pineapple plantations “are very environmentally destructive.”

The decarbonization plan also carries a significant up-front cost. As we’ve noted before, despite passing fiscal reform in late 2018, the Costa Rica’s debt remains high — and so do financing costs.

The government expects outside financing to support its decarbonization plan, but the country will still have to cover a large percentage of the cost.

 

Facebook Comments

You may be interested

UN elects Venezuela over Costa Rica to serve on Human Rights Council
Costa Rica
18 views
Costa Rica
18 views

UN elects Venezuela over Costa Rica to serve on Human Rights Council

Alejandro Zúñiga - October 17, 2019

Costa Rica's bid to block Venezuela from serving on the United Nations Human Rights Council came up just short. During…

Walmart now sells Costa Rican coffee under its ‘Great Value’ brand
Business
40 views
Business
40 views

Walmart now sells Costa Rican coffee under its ‘Great Value’ brand

Alejandro Zúñiga - October 17, 2019

Walmart's presence in Costa Rica is seemingly inescapable. In addition to the 12 Walmart Supercenters it operates in Costa Rica,…

TBT: Costa Rica’s Pacific Railroad in Puntarenas
Throwback Thursday
12 views
Throwback Thursday
12 views

TBT: Costa Rica’s Pacific Railroad in Puntarenas

The Tico Times - October 17, 2019

Costa Rica's Pacific Railroad (Ferrocarril al Pacifico) provided an important link between the capital of San José and Puntarenas, one…

Do NOT follow this link or you will be banned from the site!