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Costa Rica's Low Emission Development: Achieving Carbon Neutrality

Explore Costa Rica's ambitious goal of carbon neutrality by 2021 and its path towards low emission development while addressing climate resilience and mitigation processes. Learn about their strategies, challenges, and successes in engaging the private sector, international collaborations, and green bonds.

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Costa Rica's Low Emission Development: Achieving Carbon Neutrality

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  1. Basis of the low emission development in Costa Rica Andrei Bourrouet, Viceminister of Environmental Management and Energy Sept, 2010

  2. Green development Context • Although adaptation is a priority in our region • CR committed to ambitious reductions from ALL countries, according to capabilities and enabling factors: • Goal of being carbon neutral by 2021 • Remain in low emission development pathway thereafter Low emission dev. Climate resilience NAMAs NAPA like inst. Carbon neutrality

  3. Comprehensive mitigation processes are still in initial phase Pending: -Defining MRV for all sectors -Ensuring prevention double accounting -Define use of forest carbon credits natl. vs. intl. markets • So far: • -Sustained political will involving different levels and sectors • -Pathway established: abatement curves estimated • Under development: • -Carbon neutrality standard (recognized internationally) • -REDD+ national plan • Costa Rican green bond, WB • Private sector engagement

  4. Trend in emissions due to demand fossil fuel Fuente: elaboración propia con datos del U.S. Energy Information Administration

  5. Total Emisiones BAU (crecimiento moderado) y con Todas las Medidas de Mitigación (2010-2030), Gg CO2e 2021: 6,054 Gg Fuente: elaboración con datos y propuestas de la DSE, ICE, Prugam, MOPT, MINAET, Fundecor y estimaciones propias

  6. Source: NEEDS project, INCAE with data of DSE, ICE, Prugam, MOPT, and MINAET

  7. CONCLUSIONS -Strengthen national accounting systems of emissions -Overcome governance obstacles -Uncertainty of intl. registry mechanism and natl. implications -Lack of support in early phase -Greater access to carbon markets Some challenges: • Middle income countries are also relevant (Costa Rica’s case): • -Absorptive capacity can produce rapid results • -Institutional arrangements and accountability • -Avoid becoming part of the problem (long term global goals) • -Provide greater emission reductions than other groups of countries Carazo, F.

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