The proper implementation of the National Decarbonization Plan would bring Costa Rica more than $ 41,000 million in benefits, even after paying the costs of the investments necessary to have modern and electrified transportation, better agricultural and livestock practices, and the restoration and protection of ecosystems. key.
This is the central finding of the study “Costs and benefits of the decarbonization of the Costa Rican economy”, carried out by the Inter-American Development Bank (IDB), the RAND Corporation, the University of Costa Rica and the Ministry’s Climate Change Directorate Environment and Energy (MINAE).
According to the analysis carried out, the National Decarbonization Plan would provide $ 78,000 million in benefits between 2020 and 2050 and its costs would be about $ 37,000 million.
The results of the investigation were presented this Tuesday, November 24, in a webinar in which Carlos Alvarado, President of the Republic of Costa Rica; Verónica Zavala, manager of the Department of Countries of Central America, Haiti, Mexico, Panama and the Dominican Republic; José Ramón Gómez, IDB representative in Costa Rica; Andrea Meza, Minister of Environment and Energy, Costa Rica; and Rodolfo Lacy, Director of the Environment at the Organization for Economic Cooperation and Development (OECD).
“The implementation of the National Decarbonization Plan contributes to the construction of a healthy future for the next generations,” said President Alvarado, noting that “this study also offers a way for Costa Rica to achieve a sustainable economic recovery, and demonstrate once More than yes, it is possible to promote sustainable growth that generates economic returns for the country, ”said President Alvarado.
The correct implementation of the Plan would imply that Costa Rica reaches 2050 with greenhouse gas emissions so small that its forests could fully offset them. This is known as “net zero emissions” and is the central goal of the National Decarbonization Plan and a commitment that the countries made when signing the Paris Agreement.
The IDB representative in Costa Rica, José Ramón Gómez, stated that “this study, the first of its kind in the region, manages to quantify the concept of environmental sustainability and sustainable reactivation by analyzing a series of measures applied in Costa Rica that they will allow reaching zero net emissions while generating a substantial economic benefit for the country ”.
“The reality that the world is experiencing today, faced with an unprecedented health emergency while suffering the consequences of the climate crisis, indicates that we must move towards a sustainable economic recovery, generating jobs and growth but also increasing inclusiveness, reducing greenhouse gas emissions and protect our ecosystem ”.