FDI in LAC Region Falls for Third Straight Year

(Energy Analytics Institute, Ian Silverman, 12.Jul.2018) – Foreign Direct Investment (FDI) in Latin America and the Caribbean fell for a third straight year in 2017, reported the Economic Commission for Latin America and the Caribbean or CEPAL by its Spanish acronym.

The details were revealed in CEPAL’s annual report titled “FDI in Latin America and the Caribbean 2018.”

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Costa Rica to Use Plastics for Roads

(Energy Analytics Institute, Ian Silverman, 10.Jul.2018) – A small Central American country will be considered a pioneer in the region with use of a type of “eco-friendly asphalt” that gives a new life to plastics.

This week the Costa Rican government announced the country would begin to pave streets with a mixture of asphalt and crushed plastics thanks to a development by the National Laboratory of Materials and Structural Models, the University of Costa Rica and several recycling organizations, reported the daily newspaper LaRed21.

The “green asphalt” is already used in other countries such as England, India and Canada, but Costa Rica will be the first from the Latin American region to implement the process.

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Costa Rica Generated Renewable Energy for 300 Days

(Independent, Tom Embury-Dennis, 22.Nov.2017) – Costa Rica’s electricity has been produced entirely using renewable energy for 300 days since the start of January.

With more than a month of 2017 to go, the Central American country is set to smash its own annual record of green energy use. In 2015 the nation went 299 days using only renewables.

According to the Costa Rican Institute of Electricity (ICE), the nation of five-million people has also clocked up 201 consecutive days of total renewable energy production since 1 May.

Costa Rica currently generates more than 99 per cent of its electricity using five different renewable sources; hydropower (78%), wind (10%), geothermal energy (10%), biomass and solar (1%).

In contrast, the United States generated about 15 per cent of its electricity from renewable sources in 2016, according to the US Energy Information Administration.

Coal and natural gas together made up nearly two-thirds of US electricity generation and nuclear power provided the remaining 19 per cent.

Costa Rican clean development adviser Dr Monica Araya said earlier this year the extent of Costa Rica’s renewable electricity generation is a “fantastic achievement“.

But she added: “It hides a paradox, which is that nearly 70 per cent of all our energy consumption is oil.”

The 99 per cent figure only refers to electricity usage, not gas used for heating or fuel used in vehicles, for example.

Costa Rica hosts more than five per cent of the world’s species biodiversity despite a landmass that covers 0.03 per cent of the planet.

While dams provided the majority of the country’s electricity, they can have destructive environmental and social consequences, such as affecting previously healthy rivers, disrupting wildlife and displacing indigenous communities.

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