Get A Quote
Training Calendar
Home / Sustainability & the Renewable Energy Future

Sustainability & the Renewable Energy Future

Sustainability & the Renewable Energy Future

  1. What are your views on the renewable energy situation?

Costa Rica phenomena with the world’s highest percentage of renewable energy use for electricity generation in the first three months of 2015 was due to more rain and water but as the Costa Rica, energy news reported that this advantage cannot last in the coming years without additional investment in renewable energy. On the other hand, still, there are obstacles in Costa Rica Energy sector related to the private sector engagement with projects development and for the establishment of electricity sale and purchase contracts. There are also other issues related to the methodology applied for rates establishment of various sources of energy.

The system is related to 2002 tariffs and is precisely relevant to hydroelectric plants. A consensus between government and private sector is required to arrange the best applicable methodology and resolve existing administrative barriers.

  1. What could other countries also rely on 100% green energy for a short period of time?

Iceland since 1998 was planning to have 100% electricity from renewable energy sources but reported 100% in 2011; Lesotho, Bhutan, Albania, Nepal, Colombia, Mozambique, Paraguay, Norway, Laos, Belize all these countries are likely to have 100% electricity generation from renewable energy sources; and Australia is planning for 2020, the UK by 2030, Hawaii by 2045, Japan to reach this aim in 2050, also Europe and USA by 2050.

The countries’ aim to use 100% electricity generation from renewable energy is achievable and not impossible, but the main question is and will remain for some more years to be asked whether the commitment, availability of resources and the willingness of the country’s decision makers are ready to practice these changes namely the government together with the private sector. In addition, we should see who the beneficiaries are and who the losers from these changes are, also whether it is an economic question, political ruling or both concerns together to create a new future in the energy sector.

In my humble opinion, there is only one solution to this dilemma, is to find the best-practice method of Private Public Partnership on the long-term basis where the government set the rules and regulations, participate with finance on long-term and invite the Private sector to support this development with a reasonable and realistic profit margin. And where the government shares all the risks involved with the private sector, this is may be the crucial point in the equation.

Written by: M. Awad (ASTC Oil & gas expert trainer)

Leave a Reply

Your email address will not be published. Required fields are marked *