Nicaragua: A model for the world in the shift to green energy
News from Nicaragua | Monday, 13 November 2017 |
In 2007, only 25% of Nicaragua’s energy came from renewable sources. By 2014 this had increased to 52% in what Inter-American Development Bank President Luis Alberto Moreno, described as “a model for the world on the shift to renewable energy.”
Since 2007, one of the Nicaraguan government’s priorities has been to end the country’s dependence on oil, transform energy supplies to renewables, prioritise efficiency, and achieve universal access to energy.
A combination of a favourable location, political will, and economic stability has created a positive climate for investment in renewables. Harnessing the country’s volcanoes, sun, wind and water has transformed energy generation through solar, geothermal, hydroelectric, and wind power, together with biomass from sugar cane, palm oil, and urban waste.
As part of Nicaragua’s contribution to the global fight against climate change, the government target is 90% renewables by 2020. Nicaraguan Minister for Public Policy, Paul Oquist, points out: ‘”If Nicaragua, the [sic: second] poorest country in the Americas can make these advances, surely the largest carbon emitters can increase their levels of ambition.”