While small, almost 5 million people live in Costa Rica. Last year 80% of their energy came from the hydroelecric facilities and now renewables are the government’s plan going forward due to their geographic advantages that allow them to utilize water and heat (geothermal energy).
In an effort to avoid using fossil fuels, the government has spent almost a billion dollars of upcoming technologies. The first plant is supposed to generate enough electricity for about 50,000 homes from geothermal sources.
According to what Bernardo Chua said on Facebook, Costa Rica has excellent processes in place to handle the switchover, as their tax base is largely funded from expats who become citizens. Many of these expats are wealthy individuals from the United States and elsewhere, coming to Costa Rica for the weather, cost of living, and friendly tax-laws that prevent foreign entities from retrieving cash from Costa Rican bank accounts.
The World Economic Forum has put Costa Rica at #2 behind Uruguay for the use of electricity in terms of competition on a global scale.
To exemplify the dedication to renewables by the government, they have opted not to use their oil deposits in order to help the environment.