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Costa Rica signs deal with IRENA at COP28

San Jose, Dec 7 (Prensa Latina) Costa Rica and the International Renewable Energy Agency (IRENA) has signed a memorandum of understanding to accelerate the second energy transition aimed at decarbonizing its domestic economy.

The signing on Wednesday in Dubai, which will benefit several elements of electric mobility, especially electric buses for the Greater Metropolitan Area, took place as part of the United Nations Climate Change Conference – COP28, being held in Dubai, United Arab Emirates.

A press release from the Ministry of the Environment and Energy on the participation of the Costa Rican delegation to the Dubai event states that IRENA will provide technical advice for creating an investment fund for the electric bus project.

The collaboration will include technical consulting services for preparing not only investment proposals, but also the identification and connection with potential private investors and multilateral development banks.

According to the text, the existing interconnection with Central America will be very profitable as there are 61 million people residing there, and 74% of the regional electricity matrix comes from renewable sources.

Costa Rica’s Minister of Public Works and Transportation Luis Amador stressed the importance of this initiative that seeks to transform the regional transportation corridors in the Greater Metropolitan Area, being a world example of the use of a 100% renewable energy matrix in public transportation.

mh/omr/jha/alb

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