A new age of living seems easily in our grasp now that Costa Rica has managed to switch to a new framework that allows the country to run 100% on renewable electricity. Although a small mass of land and population in comparison to the United States and Europe, it's clear that this renewable electricity system will set precedents for other governments to follow.
Although a plan was put in place for Costa Rica to swear off fossil fuels, some luck ws also involved. For instance, Fast Co Exists reports that "thanks to recent heavy rains, hydroplants have been able to supply more power than usual." This is not the only source of renewable electricity, however. With tons of sunshine, Costa Rica also capitalizes on solar power.
What's Driving This Trend
- Renewable Energy Dependence
- Countries worldwide aim to transition to using 100% renewable electricity, providing a growth opportunity for renewable energy infrastructure and support services.
- Hydro and Solar Plants Integration
- Companies and governments seek to integrate scalable hydro and solar power infrastructure which maximize the potential of renewable energy sources.
- Eco-friendly Tourism
- Tourism industries worldwide seeks to adopt environmentally-conscious practices in the development of tourist attractions.
Who This Affects Most
- Renewable Energy Suppliers
- Renewable energy suppliers can benefit from the increased demand for renewable energy sources.
- Construction and Engineering
- Construction and engineering companies face new opportunities as they design and build renewable energy infrastructure.
- Tourism and Hospitality
- Tourism and hospitality industries must adopt environmentally-friendly policies and programs in attraction development to meet the growing demand for eco-tourism opportunities.
