Costa Rica Eyes Billions of Dollars in Savings With Net-zero Carbon Emissions

Across the region, Latin America and the Caribbean could save US$621 billion by 2050 by decarbonising their energy and transport sectors and create 7.7 million new permanent jobs, according to United Nations estimates.

RIO DE JANEIRO, BRAZIL - Costa Rica’s goal of net-zero carbon emissions by 2050 will net US$41 billion in economic benefits over the next three decades and set an example of the “right road to follow” for other nations, its president and environment minister said on Tuesday, November 24th.

The fiscal payoff of decarbonising the Central American nation, cited in a new report by the Inter-American Development Bank (IADB), is “an extraordinary figure,” President Carlos Alvarado said in an online webinar with the media.

Costa Rica is a pioneer in global efforts to reduce planet-heating emissions . . .

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